War Helps EU Farmers Win “Virtually all” EU member states have agreed to extend derogations from the new Good Agricultural and Environmental Condition (GAEC) practices through the 2023 production year. Greens and their political leaders were opposed but when faced with otherwise being blamed for adding a food security crisis on top of an energy security crisis, farmers won. It means another year in which agriculture will be exempt from mandates for crop rotation, the maintenance of fallow land, and set asides for biodiversity. Virtually all is an increase from a month ago when only about 60 percent of member states supported the derogation. It likely didn’t help the Greens’ position that even with the derogations th...
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.