U.S. President Biden and Chinese President Xi will meet in San Francisco on Wednesday to discuss key geopolitical issues and “managed trade.” The geopolitical discussion will focus on the latest developments with North Korea, and, additionally, issues that have potential impacts on commodity trade, such as the war in Ukraine and China’s relationship with its “friend without limits” Russia, as well as China’s relationship with Iran. The White House reports that this is Biden and Xi’s second face to face meeting and seventh “interaction.” No doubt Taiwan will be discussed as well. As for commodity trade, we know that largely due to U.S. sanctions on Russia, about 80 percent of China-Russi...
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.