There’s been much made in the global media about President-Elect Jair Bolsonaro being the “Brazilian Trump.” Is he? Here’s a WPI overview.
Yesterday White House National Security Advisor John Bolton called Bolsonaro a “like-minded leader.” He said that his election as well as that of President Ivan Duque in Colombia are “positive signs for the future of the region, and demonstrate a growing regional commitment to free-market principles, and open, transparent, and accountable governance.” The most impactful action is any potential change in Brazil’s diplomatic and trade relations with China. During the election, the Chinese embassy in Brasilia issued criticisms of then-candidate...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
