Last Friday President Trump started an 11-day tour of Asia, the longest visit to the region since President George H.W. Bush was there in 1992. The five countries on the itinerary are Korea, Japan, Vietnam, the Philippines and, the headliner engagement, China. The trip is very heavy on security issues, namely dealing with North Korea’s nuclear proliferation. However, trade is also high on the agenda. Notably, like the situation with Mexico, Trump is focused on automobiles coming from Japan, mentioning that “many millions of cars are sold by Japan into the United States, whereas virtually no cars go from the United States into Japan.” Japan has a $69 billion trade surplus with the U.S., and it is driven by automotive export...
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.