The drought in Australia during 2015 and the end of dairy production quotas in the EU are both having an impact on the global beef market. CETA to Squeeze EU Beef Market The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which becomes effective 21 September, will squeeze U.S. and other beef exporters’ market share. The agreement guarantees that Canada will have market access for 3,200 MT of its high quality, grain-fed beef. That access will come from the high quality beef (HQB) allotment, originally established between the EU and the U.S. in 2009. The zero rate tariff-rate quota was set at 48,200 MT. About 40 percent is filled by the U.S. as Canada, Australia, Uruguay, New Zealand and Argentina all became eligible to ship un...
There are plenty of major headlines moving across the markets today, but the reaction beneath them remains cautious. Crude oil is holding steady despite reports of progress involving the Strait of Hormuz, corn and soybeans remain tied to changing weather forecasts, and wheat continues to weigh...
Key Takeaways: Sugarcane is the world’s largest crop by total production volume, surpassing major commodities such as corn, wheat, and soybeans, and supplies roughly 80 percent of global sugar production. Sugarcane’s perennial growth cycle allows farmers to harvest multiple crops f...
What You Need to Know Today: U.S. Treasury Secretary Bessent said the U.S. and Iran could “today or tomorrow” reach a deal to reopen the Strait of Hormuz. Despite the Secretary’s claims, an attack on a vessel off the Omani coast suggests plenty of risk remains in forming a lo...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.