We are sheltering in place during The Attack of Covid-19, listening to health experts and politicians debate responses to the spread of the disease. We are continually amazed at how many politicians and the political pundits who feed off them have, in just a few weeks, become experts in viral diseases, pandemics, vaccines and the like. The real experts on viral diseases are warning that the disease is still spreading and may gain strength when colder weather returns. These newly minted political disease experts say that we must reopen the country anyway because the U.S. cannot afford to strangle its economy any longer. The result seems to be mass confusion. Cheered on by President Trump, various state governors are coming up with a h...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.