World Perspectives

IPEF Blah, TTC Heat; African Woes

IPEF Blah, TTC Heat USTR Katherine Tai achieved agreement over the weekend on language focused on supply chains in the Indo-Pacific Economic Framework for Prosperity. However, it is all a bit boring. Basically, countries agreed to a process to talk and “work together” on issues. Meanwhile, the transatlantic Trade and Technology Council meets again starting tomorrow in Sweden. Some are pushing for language addressing forced labor, which is low-hanging fruit, but the hot underlying issue is how to converge transatlantic positions on addressing China?  African Woes Kenya’s Court of Appeals continues to block the government’s proposal to liberalize imports of GMO foods. The technical acceptance of GMO’s is...

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Market Commentary: Corn, Soy Post Turnaround; Hog Selloff Continues; Cattle Shrug Off COF Report

Trade at the CBOT was dynamic and interesting on Monday with early-day weakness sending wheat, corn, and soybeans all to fresh lows while late-day short-covering and buying pulled the latter two markets higher. Soybeans scored double-digit gains for the day while the corn market could only mana...

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WPI Crop Progress and Conditions App (Updated 24 June)

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feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Post Turnaround; Hog Selloff Continues; Cattle Shrug Off COF Report

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feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 24 June)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

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NGT Test this Week; New Mexican Authorities

NGT Test this Week The Belgian presidency of the EU will make its last effort to obtain approval of a regulatory proposal for new genomic techniques. If it fails, the effort will be passed along to the Hungarian presidency that begins in July. Chances are, it will fail despite being watered dow...

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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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