It was all politics around the Trade Promotion Authority (TPA) bill on Capitol Hill today as a cloture vote to end debate on it fell short, bringing different characterizations and conclusions from the opposing parties. TPA Headlines and Forecast It was all politics around the Trade Promotion Authority (TPA) bill on Capitol Hill today as a cloture vote to end debate on it fell eight votes shy (52–45). For Senate Majority Leader Mitch McConnell (R-Kentucky) and the Republicans, the abandonment of President Barack Obama by his fellow Democrats reinforced the message that he is a lame-duck leader. Their hope is that newspaper headlines describe the president losing on a key aspiration at the hands of organized labor representing just 11 perc...
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”...
Key Takeaways: Dry bulk freight markets are higher this week as activity in Asia and off the ECSA picks up. President Trump extended the Jones Act waiver for another 90 days this week, allowing foreign-flagged vessels to transport oil and other goods between U.S. ports. A container...
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.