War Wrecks WTO The WTO was splintered before Russia attacked Ukraine but now progress on key issues is even less likely. The splintering at the UN and between countries opposed to the war and abstaining from taking a position has become a litmus test. There are countries imposing export restrictions while others try to use the crisis to justify controversial policies, such as permanent public stockholding. The Economist estimates that over the next five years, 16-26 percent of exported goods production will shift locations. This will also shift the policy alliances and the animosities. Crisis Leads to Reform The broken supply chains and displacements that saw U.S. agricultural goods stranded on the West Coast have been the impetus for po...
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.