Biden Trade Agenda Speculation remains ripe over the trade policy changes that are likely under President-Elect Joe Biden. Trade is said to not be a top priority due to the ongoing economic stresses, which is somewhat contradictory given that trade is a boost for the economy. There is hope that the TransPacific Partnership (TPP) will be re-elevated, though TPP highlights the political sensitivity of trade. Rejoining the Paris climate agreement is politically easy compared to making concessions on trade. As a Lame Duck, President Trump has little leverage over Beijing. Alternatively, Mr. Trump’s eagerness to wear the black hat could make him a useful trope for the incoming Biden team. The two sides seem unlikely to work together but t...
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.