Major Dairy Defeat In a major policy defeat for U.S. dairy, a USMCA dispute settlement panel ruled that Canada’s dairy quotas do not limit U.S. access. U.S. dairy exports to Canada have risen but at less than the level expected when Canada promised to make changes to its regime. Ottawa put control of the import tariff rate quotas in the hands of domestic processors, who it is argued are bent on protecting the domestic supply system. The Biden Administration says it remains focused on gaining access to the Canadian market, but its options are limited. Canadian Prime Minister may rightfully fear the return of Donald Trump to the U.S. presidency because he is more likely to take extraordinary measures in cases such as this. The ruling i...
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.