Biden Echoes Trump Anyone in Geneva expecting a softer, nicer U.S. following the defeat of Donald Trump found out otherwise this past week. Although there is still not a successor to Dennis Shea as the Deputy USTR to the WTO, the message being delivered by career deputy David Bisbee under instructions from Washington sounds the same. The Biden White House expects little to be accomplished at the upcoming 12th WTO ministerial conference, it wants Geneva to focus on fixing the WTO’s institutional disfunction, and there will be no new jurists for the appellate body until American complaints are answered. While the UN has made some progress on addressing climate change, the WTO remains unable to find solutions for ending the destruction...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.