Ship Subsidies: The SHIPS for America Act has been introduced in the U.S. Congress and is intended to boost the number of U.S. built ships. Currently, China builds over half the world’s ships, and over 90 percent are constructed in just three countries (China, South Korea, Japan). The U.S. buil...
The CBOT was mostly higher to start the holiday-shortened trading week with wheat leading the way on short-covering and despite the surging U.S. dollar. Corn followed the wheat market higher with its own support from the strong export program as USDA reported more “flash” export sales Monday. S...
Two Big ThingsJust days before Christmas 2024, two big things happened that impact U.S. agriculture. On their way home for the holidays, members of the U.S. Congress passed a one-year extension of the farm bill. Farm groups were disappointed for a number of reasons, including the fact that expa...
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.