World Perspectives

Tooling Up; Ignoring the Elephant; Buffaloes and Cows

Tooling Up Yesterday, USTR issued its annual report for 2022 and the President’s 2023 Trade Policy Agenda. The 354-page document will no doubt be read thoroughly by America’s trading partners. One thing they will notice is that USTR likes tools. In fact, the word tool is used 48 times in the report. There are analytical tools, WTO tools, enforcement tools, trade tools, policy tools, information sharing tools, digital tools, online tools, and monitoring tools. USTR says they are using all “available tools” at their disposal, and they have a “full range of tools,” but they need new tools. And they have sought to develop new tools, and they will “create new tools as necessary” but they need to...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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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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