People In, Pork Out Earlier this year, the U.S. Supreme Court ruled that California could stop pork from Iowa from coming into the state if it was not produced according to the dictates of Sacramento. This week, the same court ruled that Austin cannot prevent migrants from coming into the state from Mexico just because they lacked any authorizing papers or passports. This shows that in 2024, people are in, but pork is out. Separately, legislation (H.R. 4288, Agricultural Labeling Uniformity Act) has been introduced in Congress that would prevent states from applying disparate pesticide labeling requirements. However, the trend toward separate state-level requirements impacting interstate commerce will have to get bad enough to adver...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.