There have been conflicting reports regarding whether Brazil’s soybean sector has asked the government there to file a WTO complaint against U.S. soybean subsidies. However, any such action is unlikely to benefit Brazilian farmers for several reasons. Brazil's Potential WTO Challenge Against U.S. Soy There have been conflicting articles in the media regarding whether Brazil’s soybean sector has asked the government there to file a WTO complaint against U.S. soybean subsidies. Last week Reuters reported that the Brazilian soy industry association APROSOJA had formally done just that, alleging that the subsidies to soybean farmers in the U.S. are costing those in Brazil about $1 billion in lost income. However, a Bloomberg article today ind...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.