Despite a detailed agreement that addresses almost all U.S. concerns over Mexican sugar imports, the U.S. industry does not support the pact.U.S. Commerce Secretary Wilbur Ross and Mexican Secretary of the Economy Ildefonso Guajardo today announced a new agreement in principle regarding Mexican sugar access to the U.S. Yesterday WPI reported that a deal was close and the deadline had been extended for 24 hours pending what was referred to as “technical consultations.” The U.S. sugar industry, however, indicated that it cannot support the new pact, implying more remained to be resolved. According to sources involved in the negotiations, that sector added new demands once there was agreement on all the major issues. According to Secretary Ros...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.