The House of Representatives may take up the FY2024 Agricultural Appropriations bill this week, and then again, it may not. First, in the House, legislation has to go through the Rules Committee where that panel sets the rules of debate, including which amendments are considered in order and which are considered out of order. Lawmakers have already filed between 150 and 160 amendments to the bill, of which many come from the Republican side of the aisle. That means they are more likely to be ruled in order given the Republican majority on the Rules Committee. How fast the Rules Committee acts will determine if the appropriations bill gets to the House Floor. The agriculture bill is one of 12 regular appropriations bills the Con...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.