Corporate Good Following the Great Financial Crisis and continuing with the far left “Squad” in the U.S. Congress, capitalism has been under attack for representing greed. To respond to the criticisms, the Business Roundtable issued a statement “redefining the purpose of a corporation” to include community service and support. Now the Biden Administration is considering an Executive Order requiring agencies to scrutinize businesses “perceived” as to be dominant in their industries. It is true that the share of business controlled by larger companies has increased but an analysis by McKinsey (admittedly a corporate service provider) of the role of businesses in OECD countries provides a better response to...
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...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
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.