World Perspectives

Foreign Desk at State; IRA Confusion; Grain is Value-added Water

Foreign Desk at State Under Secretary Jose Fernandez has proved that an American desk is needed at the State Department. Speaking at the Center for Strategic and International Studies, the tin-eared Fernandez said that market access is not as important as it used to be because U.S. tariffs are already low. He argued that instead policies should be focused on issues that will make countries more stable and attractive for business investment. This will be received by U.S. farmers as annoying at minimum. Fernandez is focused on helping foreign countries, ignoring the fact that market access barriers in those countries hurt themselves as well as American economic interests. American farmers need improved market access in other countries to be...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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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