The biodiesel industry filed an antidumping and countervailing duty petition against Argentina and Indonesia, just as the EU did in 2013, and is now reconsidering.Yesterday, the National Biodiesel Board (NBB) filed an antidumping and countervailing duty petition against Argentina and Indonesia. The petition, filed with the U.S. Department of Commerce and the U.S. International Trade Commission (USITC), alleges dumping margins of 23.3 percent for Argentina and 34.0 percent for Indonesia, which result from selling biodiesel at below the cost of production. The petition claims Argentina subsidizes feedstocks and that Indonesia provides direct grants to biodiesel producers.Both countries impose an export tax on feedstock; in the case of Argenti...
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.