The ongoing talks over Brexit and the U.S.-UK trade talks can be described as a giant game of chicken, metaphorically and literally. Indeed, in the literal sense, one of the biggest issues between the U.S. and the UK is the American practice of washing chicken with chlorinated water. And when it comes to Brexit, there is a negotiating conflict with both sides bluffing and posturing to not “chicken out” and give up the upper hand in the deal. Although the UK is now officially no longer part of the EU, there are still negotiations about the custom agreement between the UK and the EU member states. Right now, the EU rules on intra-member state trade still applies, but there is a deadline for new tariffs and protocols to be in plac...
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.