The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet crossed the Strait of Hormuz this morning. However, even if the peace accord is in place, it could be months before production and inventories are restored to pre-war levels. Additionally, many of the wells were damaged, as were fertilizer facilities. The agreement was reached on Sunday and announced by Pakistan, and moments later Trump posted on social media, “The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!&rd...
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.