The U.S., EU and others have had trouble with the G-33's proposal for flexibility in operating domestic food stockholding programs due to the likelihood that they will be used to prevent imports and potentially result in exports of accumulated surpluses. However, they have conceded to a four-year trial period with lots of safeguards, notifications and the submission of prior years' domestic support data that is often absent in Geneva. However, the draft agreement reportedly contains the proviso, "shall ensure that stocks procured under such programs do not distort trade." This sounds like the Sense of the Senate amendment to the farm bill by U.S. Senator Jim DeMint (R-South Carolina) that nothing in this Act shall "manipulate prices or in...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
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.