World Perspectives

Hobbling AI; Chinese Spin; F2F Setback

Hobbling AI The EU has neared agreement on doing what it does best, regulating. This time its target is artificial intelligence. France and Germany were reluctant participants because they have their own startup AI companies and didn’t want to hobble them. Regulatory hobbling from Brussels is what caused Brexit and over-regulating AI will stifle its promise for productivity gains – the only true way to improve economic well-being.  As usual, the EU regulation will force companies to expose their inner workings, and everything would have to be labeled as if the bytes they develop are as dangerous as a Monsanto GMO. The good guys will cooperate but like gun control, evil doers will run their own ghost servers and algorithms...

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soy-oilseeds

WASDE Soybeans - Nov 2024

WASDE Soybeans – USDA’s latest November estimate for the 2024/25 season is a decrease of 80 million bushels in U.S. soybean ending stocks to 470 million bushels. The U.S. season-average soybean price for 2024/25 is forecast unchanged at $10.80 per bushel. The soybean meal price is unchanged at...

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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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