War Wrecks WTO The WTO was splintered before Russia attacked Ukraine but now progress on key issues is even less likely. The splintering at the UN and between countries opposed to the war and abstaining from taking a position has become a litmus test. There are countries imposing export restrictions while others try to use the crisis to justify controversial policies, such as permanent public stockholding. The Economist estimates that over the next five years, 16-26 percent of exported goods production will shift locations. This will also shift the policy alliances and the animosities. Crisis Leads to Reform The broken supply chains and displacements that saw U.S. agricultural goods stranded on the West Coast have been the impetus for po...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.