Border Wars Mexican President Andrés Manuel López Obrador (aka AMLO) brought a populist government into power and now instead of a Washington chief executive frustrating Mexico City it is the reverse. The AMLO regime wants to defend the peasant farmers in the south by reducing the technologies that outcompete them. There have been no new biotech trait approvals for two years, no glyphosate imports since November 2019, and there is a decree calling for the end to GM food corn and glyphosate. The goal is to make ancestral farming practices successful, but the plan poses a larger risk to the Mexican economy. The regime talks up food sovereignty and self-sufficiency but retains a nearly two to one trade surplus in food sal...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
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...
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.