The Comprehensive and Progressive Trans-Pacific Partnership entered into force in 2019 without the U.S. as a member. Although four years of trade data plus forecasting for an additional year do not provide sufficient confidence in any conclusions about CPTPP’s impact, and especially the U.S. absence from the agreement, there is a pattern. Australia’s overall primary agricultural exports have increased substantially since the agreement went into force, and while not by a large measure, Canada’s exports of the same commodities have increased more than that of the U.S. This analysis does not consider important impacts, such as each country’s competitiveness in specific commodities with or without better terms of trade...
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.