According to the news, multilateralism and globalization are in crisis. No less than U.S. Federal Reserve Chair Jerome Powell recently said, “it’s not hard to imagine a world where we break into these blocs again.” Former Treasury Secretary Lawrence Summers said there’s a growing feeling of a world that’s “forming blocs and choosing up teams.” Then again, R.E.M. sang, “It's the end of the world as we know it and I feel fine.” This is the 25th anniversary of the Asian Financial Crisis. Although it notably adversely impacted Southeast Asia plus Korea and Japan, critics charged that it revealed the flaw in global integration. Global trade in major agricultural commodities that had been grow...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Key Takeaways: Acidity: Brazil’s agricultural production rose significantly after agricultural researchers were able to reduce soil acidity in the Cerrado region. Rotation: Farmers in the Center-West of Brazil, where the Cerrado is located, enjoy a soybean/corn double cropping advantage...
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.