World Perspectives

Ag Supports Trump Trade Policy; Contrasting Approaches to Moving

Ag Supports Trump Trade Policy The persistent question is, when will American agriculture stop supporting Trump trade policy given its deleterious impacts on the sector? The answer remains unknown, and today’s congressional hearing on the topic proved there is still a political understanding for its rationale. The House Agriculture Committee’s Subcommittee on Livestock and Foreign Agriculture had just two witnesses today: Chief U.S. Agricultural Trade Negotiator Gregg Doud and USDA Under Secretary for Trade Ted McKinney. Notably, neither official received chastisement for the administration’s trade policy and instead heard strong support, including from the Democrats in charge of the panel. Chairman Jim Costa (D-Califor...

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Grain and soy complex futures were mostly lower overnight with the corn market’s recent support diminishing. Soybeans were choppy with headlines about a potential Trump/Xi meeting being balanced against the overall bearishness of soybean fundamentals. Overall, the market was characterized...

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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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