WTO and Inclusion There is much frustration in Geneva over the policy gridlock at the WTO. The EU has proposed a set of three objectives for the institution:
trade policy and state intervention in support of industrial sectors (looking at you China and Biden’s IRA); trade and global environmental challenges; and trade and inclusiveness.
If trade is economic opportunism, then profit-seeking is inherently inclusive. With 164 nations represented, the WTO is diverse by design. This week’s announcement of new committee chairs results in six (46 percent) of the 13 leads being female ambassadors. The director general is an African female, and half of the deputy director generals are female. At the staff level...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
