Elections and Policy Congressman Jim Jordan came up 20 votes short in his first-round effort to secure the Speakership of the U.S. House. Some farm state Republicans were seeking assurances from him that the farm bill will have a chance at passage this year. Historically, he has voted against farm bills. Meanwhile, and across the pond, the Green Deal and Farm to Fork policies issued by Brussels in June 2022 appear to have slipped from the work agenda between now and the June 2024 elections. A group of 11 countries are trying to remove the proposal’s requirement that each member state have a specified pesticide reduction target reaching 50 percent by 2030. While the liberal faction won this past weekend in Poland, the nonincumb...
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...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.