The markets have pummeled the British pound in the wake of the UK decision, but the EU has some reasons to fear Brexit as it is losing one of the stronger economies from its union.In a surprise to pollster and pundits, United Kingdom voters opted to leave the EU. Indeed, contrary to the voters, the three major parties in the UK Parliament were supporting the Remain position. In fact, one of the political leaders of the Leave movement, Nigel Farage, issued a press statement after the polls had opened that he surmised his cause would lose. As a result of the outcome, markets have been roiled, British Prime Minister David Cameron has resigned, conservatives in Italy are advocating an exit from the EU, and the independence movement in Scotland...
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.