Doth Protest Too Much: China criticized Japan for its decision to host a NATO liaison office in Tokyo. It accused Japan of dismantling trust and stability in the region. U.S. troops are already stationed in Japan and NATO is no threat to China unless it is planning its own disruptions in the region. Geopolitical Non-reciprocals: The U.S. Ambassador to South Africa warned Pretoria that its trading benefits under the Africa Growth and Opportunity Act (AGOA) are at risk if it fails to maintain neutrality in the Russia-Ukraine conflict. China is South Africa’s largest trading partner, but the U.S. is a close second and the G-7 overall readily outweighs Russia and China. Green Deal Threatened: Greens and liberals are concerned that the c...
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.