Government Funding President Biden yesterday signed a continuing resolution passed by Congress to fund the government at current levels until 20 December. There were no riders – such as an extension of the farm bill – included. This sets up another deadline before the Christmas holiday to readdress government funding, and it also comes after the election in a lame duck session, when both parties may have a different point of view based on who controls the White House and both chambers in 2025. Notably, the debt limit must be extended by 2 January, as per the last debt ceiling extension passed in July 2023. 45Z Legislation Proposed As the commodity and renewable fuels sectors grow increasingly impatient for the Treasury Departme...
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.