The Trump administration had set 30 September as the deadline for creation of a new trade agreement to replace the 1994 North American Free Trade Agreement (NAFTA) between the U.S., Canada and Mexico. This deadline was based on timing the U.S. congressional approval process so that outgoing Mexican president Pena Nieto could sign the agreement before leaving office on 30 November. After an often-contentious year of negotiations between the three countries, the U.S. began to focus on just Mexico, which culminated in a new agreement with that country in late August. The U.S. then threatened to turn the three-party NAFTA into a two-party U.S./Mexican pact unless Canada was willing to accede to its demands by the specified date. Canada and the...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.