President Trump announced a total of $12 billion in funding for an ag agriculture bailout program yesterday. The funds will come from tariff revenue collected from the new tariffs. The package includes $11 billion in one-time payments to crop farmers through a new USDA program, the...
The CBOT was mostly lower to start the week with traders reluctant to add bullish risk ahead of the USDA’s WASDE report on Tuesday. Too, technical weakness rapidly enveloping the soy complex spooked traders and prompted a more cautious approach. Favorable weather in Brazil, slow soybean s...
The Federal Open Market Committee (FOMC) will meet on Wednesday to decide what to do about short-term interest rates. The Federal Funds Futures market puts the chance of a rate cut at about 90 percent following cuts in September and October. That meeting will also be when the Fed publishes a ne...
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.