World Perspectives

Odd Man Up; Antibiotic Correlations; Half-Truths; Supplying the World

Odd Man Up Chuck Grassley (R-Iowa) is chairman of the powerful U.S. Senate Finance Committee and is at once mainstream and unpredictable. He has said he disagrees with Donald Trump’s use of the national security (Section 232) rationale for extracting concessions from trading partners, and yet he has endorsed the president’s threat to withdraw from NAFTA as a tactic to achieve congressional approval of its successor, the U.S.-Mexico-Canada Agreement. He is the first to defend U.S. agriculture, but farm groups are anxious over the NAFTA withdrawal tactic. Grassley wants the president to remove Section 232 tariffs from Canada and Mexico, a move supported by farm groups.   Antibiotic Correlations The U.S. Food & Drug Ad...

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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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Russian Grain Markets: 10-14 June 2019 Export prices for 2019 wheat (12.5 percent protein content) remained within $196-198/MT FOB Black Sea, and the average purchase price was RUB 10,500/MT CPT-port Black Sea. Meanwhile, the average export price for 2019 feed barley dropped to $170/MT FOB Blac...

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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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