Anti-WTO is Bipartisan Republican U.S. Senator Josh Hawley (R-Missouri) introduced a resolution last week to pull the U.S. out of the WTO and now two Democrats, Peter DeFazio (Oregon) and Frank Pallone Jr. (New Jersey) have introduced a similar measure in the House. The Hawley measure was deemed helpful to Donald Trump since it reinforces his effort to reform the WTO. DeFazio and Pallone have no intent to help the President but reflect strong misgivings by a small number of politicians as to the impact of the institution. They say the WTO has been a “disaster” for the U.S. due to lost jobs, large trade deficits and pillaging by China. The initiative is unlikely to succeed but it does indicate that adverse sentiment toward the g...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.