Corona News Topics of note for today: Trade Agreements: The African Continental Free Trade Area originally scheduled to be implemented on 1 July has been delayed due to the coronavirus. The U.S., Canada and Mexico are sticking with their implementation of the USMCA agreement on 1 July. Environmental Policy: While bailing out her nation’s fossil fuel industry, German Chancellor Angela Merkel wants to raise the EU’s 2030 emissions reduction target to between 50-55 percent. Meanwhile, California Governor Gavin Newsom has suspended his state’s bottle recycling and ban on single-use bags. Gauging the Recovery: IHS Markets says the U.S. economy will return to its pre-crisis GDP level in 6-7 quarters, versus the 14 quarters i...
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.