World Perspectives

BRICS Grain Exchange; EU Policy Foibles; Yen Implosion

BRICS Grain Exchange Russia is reportedly pushing other BRICS members to use the bloc as a grain exchange in competition with the West. The assertion is that these countries already control 42 percent of the grain trade. Add the new members like Egypt, Saudi Arabia, Iran and the UAE, plus others that now want to join and there is dominance in petrochemicals and other industrial commodities. The contention is that the bloc would be more competitive but that is not a given. The commodity trade regardless of nationality or trading bloc is already highly competitive. Russia sells wheat at rock bottom prices and growers in Australia, France or Canada will always be a check on how high the BRICS could take prices. There is also the idea of a BRI...

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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.

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