Japan is cool toward a bilateral free trade agreement with the U.S. after Prime Minister Shinzo Abe expended his political capital last year on the TPP. Nevertheless, USTR Lighthizer expressed the view that given its large bilateral trade surplus, Tokyo should make unilateral trade concessions to the U.S. Trust but Verify A signature quote attributed to President Ronald Reagan related to Russian compliance with arms agreements is notably a Russian proverb in origin. Apparently, USDA and DG-Agri do not think in the same cold terms as nuclear arms negotiators. Both sign so-called equivalence agreements and then trust other parties to comply. Now both have rushed to block Brazilian beef imports due to safety concerns.This follows the scandal...
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.