EconomyDeflation continues to be a problem with the Producer Price Index declining in November for the 26th month in a row. Consumer inflation was expected to increase 0.5 percent after rising 0.3 percent in October, but instead it rose by just 0.2 percent, a five-month low. Despite economic softness, the price of pork rose 13.7 percent and fresh vegetable prices were up 10 percent. 12112024china_cpi.png 22.35 KBOilseedsThe General Administration of Customs said soybean imports in November totaled 7.15 MMT, a 9 percent drop year-on-year, but a record volume for the year is still expected. The December update of the Chinese Agricultural Supply & Demand Estimates (CASDE) reduced expected 2024/25 edible oil imports by 700 KMT to 7.73...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
An amendment to the U.S. House farm bill, aiming to remove the Save Our Bacon Act language in Section 12006 that would have stripped language to prohibit California’s Proposition 12, Massachusetts’ Question 3, and up to 500 state agricultural laws across the country, was blocked by...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
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.