Technical selling, disappointment with the USDA’s latest policy moves, and favorable rains across the Midwest took a bearish toll on the CBOT markets Wednesday. The Federal Reserve, as expected, cut interest rates today and signaled a more dovish approach for the next several months, whic...
WTO and Trump To quote Wikipedia, James Bacchus is “an American statesman, scholar, writer, and politician". He also served as a founding member and twice chairman of the WTO’s Appellate Body. He now writes from the Libertarian Cato Institute and provocatively asks why the WTO is no...
The CBOT was higher on Tuesday in a continuation of the post-WASDE exuberance. Rather than USDA’s world balance sheets providing a reason to rally, however, it was the Crop Progress report, rumors of new export business, and progress in a U.S.-China trade agreement that motivated the day&...
No Tariffs, No Reforms U.S. President Donald Trump has urged the EU to join him in imposing tariffs on China and India for purchasing Russian oil. EU officials have signaled they are disinclined to use tariffs, but may be willing to impose sanctions on the companies that transact the oil. Sanct...
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.