President Trump gave a speech in Iowa this week focusing heavily on ag, especially biofuels issues, but it is what was between the lines that raises some confusion.President Trump made a trip to Cedar Rapids, Iowa this week to give a speech at Kirkwood Community College that focused heavily on ag and biofuels policy. His critics labelled it a triumphalist event as it was his first return to that state since the election. They also called it a “campaign rally,” and it was indeed an effort by Trump to reach out to his political base, which includes farmers as has been well documented. However, while farmers receive much lip service from the president, it is not clear that he is on the same page policy-wise with most ag producers.For example,...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.