It’s Monday, one week after last Tuesday’s mid-Presidential term Congressional election. The Democrats have maintained their majority in the Senate, and with the 6 December runoff race in Georgia, Democrats stand to increase their majority to 51-49. During the last Congress (and if Republican candidate Herschel Walker wins the runoff) the split is/would remain 50/50, and since the Vice President, in this case Kamala Harris, cast tie-breaking votes in the Senate, the Democrats have the majority. The significance – from a parliamentary perspective – is this: under a 50/50 split, there are now an equal number of seats in the committee and a tie vote in committee results in a bill moving to the full Senate. Normally, a...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.