Yellen Yelling Doublespeak In his dystopian novel “1984,” George Orwell wrote about the way officials would use euphemistic or ambiguous language to disguise actual intent. The Biden Administration has perfected this approach. At the same time the U.S. is encouraging companies to move manufacturing out of China and back to the U.S. or to other countries, and is reportedly set to limit investment in parts of the Chinese economy, Treasury Secretary Janet Yellen said this week that U.S. actions are not intended to give the U.S. a competitive advantage versus China… “We will clearly communicate to the PRC our concerns about its behavior…And we will not hesitate to defend our vital interests. Even as our t...
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.