On 26 July, WPI wrote about the Department of Commerce decision to consider countervailing duties (CVD) and anti-dumping duties (AD) on imports of urea ammonium nitrate solutions (UAN) from Russia and Trinidad and Tobago. The preliminary alleged margins are 169 to 433 percent on UAN imports from Russia and 158 percent from Trinidad and Tobago. Final determinations will be made on the CVD in December and on the AD investigation in February. Recall that phosphate imports from Morocco (the U.S.’ largest supplier) and Russia were also subject to CVDs as of February this year, on a case filed in the Summer of 2020. The final CVD rate was 19.97 percent, down from the alleged margins of 30.72 and 71.5 percent. However, CVD deposits can be c...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.