World Perspectives

Recessions and Farm Bills; Glyphosate High

Recessions and Farm Bills Roughly 52 percent of respondents to WPI’s recent survey (see graph below) believe that a global recession is less likely in 2018/19, and 34 percent thought one is more likely to occur during that timeframe. Meanwhile, South Africa fell into recession this week. Most economists believe that 2020 is probably the end period for what has been the longest U.S. economic recovery in history. Our latest survey asks when the next U.S. farm bill will be enacted; the current law expires at the end of this month. A Senate-House conference committee began negotiating on a draft bill today. Negotiators hope to complete their work in ten days, which would allow sufficient time for the Congressional Budget Office to &ldqu...

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Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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.

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