World Perspectives

Trade Barriers or Facilitation; Ag Rises in EU; Biden Regs

Trade Barriers or Facilitiation The WTO reported that its monitoring of various countries evidences that members are introducing more trade-facilitating policies than they are trade-restrictive measures. It only seems unreal because the trade restrictive practices receive more media attention. President Biden extended and added to the trade restriction introduced by his predecessor, and now former president Donald Trump has loaded the Republican convention platform with even more tariffs and protectionism. The EU applied provisional tariffs of up to 38 percent on Chinese-made EV’s.  Separately, WTO members continue to discuss ways to get agricultural trade policy talks back on track but given the differences between the Brazili...

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Summary of Futures

Dec 25 Corn closed at $4.2975/bushel, down $0.07 from yesterday's close.  Mar 26 Wheat closed at $5.495/bushel, down $0.095 from yesterday's close.  Jan 26 Soybeans closed at $11.3625/bushel, down $0.1725 from yesterday's close.  Dec 25 Soymeal closed at $318.9/short ton, down $8...

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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.

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