Regional News French traders continue to express concern about losing wheat market share with Algeria and now China increasingly relying on Russian wheat. Recent news that China waived phytosanitary requirements for Russian wheat and barley are increasing worries that the Middle Kingdom, so far a major buyer of French wheat given the poor quality of the 2021/22 harvest, will favor Russian grain going forward. The weather in northern Africa remains hot and dry, which is escalating concerns for a significant crop-damaging drought in the region. European traders are watching the situation carefully as a crop failure in the region could pull large volumes of wheat, barely, and maize from the EU into Africa. Additionally, parts of...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
Just when we thought it was safe to step outside and enjoy some certainty in the world of international commerce, the Trump Administration announced on Thursday afternoon a barrage of tariffs on 60 countries based on its recent Section 301 investigations. Section 301 permits the executive branc...
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.