World Perspectives

Gutsy USTR; Inflation Beats Exports; Ruble Hell

Gutsy USTR  USTR Katherine Tai is in an interagency battle over whether to lift tariffs on China to try and stem inflation, and she’s not backing down in her opposition to such a move. Yesterday she told Congress that, “The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage.” Making such a strong statement on an issue undergoing internal Administration debate puts her in a very public fight against Treasury Secretary Janet Yellen, who favors the cuts.  Somebody will lose and historically, presidents have sided with the troika (State, Treasury, or Defense). She then even stepped directly onto the figurative turf of Treasury by telling the Committ...

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feed-grains soy-oilseeds wheat

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

livestock

Livestock Roundup: China Impact on Red Meat Markets

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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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