U.S. Soy Exports to Colombia Should Increase The U.S.-Colombia free trade agreement (FTA) was implemented on 15 May. Under the terms of the agreement, Colombia immediately eliminated its tariffs on soybeans, soymeal and soy flour. It also established a duty-free tariff rate quota (TRQ) of 31,200 MT of crude soybean oil. The TRQ on crude will grow by 4 percent per year and the 24 percent tariff rate on crude soyoil imports above the TRQ will be phased out over 10 years. The 24 percent tariff on refined soyoil will be phased out over the next five years. Colombia's price-band tariff system also is eliminated for imports of U.S. soy.Implementation of the FTA should result in a substantial increase in U.S. soybean, soymeal and soyoil exports...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.