The main goal of the Iowa Ag Summit was to pin down GOP presidential candidates on their position regarding renewable fuels and the Renewable Fuel Standards (RFS).The main goal of the Iowa Ag Summit was to pin down GOP presidential candidates on their position regarding renewable fuels and the Renewable Fuel Standards (RFS). The results were:There was more unanimity among the candidates on other issues with all opposed to the labeling of GMOs, the reinstatement of the wind tax credit and normalizing trade with Cuba absent major democratic changes within that country. They also were all critical of the U.S. EPA as well as the administration's environmental agenda. All of these candidates supported presidential Trade Promotion Authority (TPA)...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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”...
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.