The White House unveiled the President’s FY 2023 Budget request today, which is but one step in a long and usually volatile budget debate. The President’s budget submission is required by law (Congressional Budget Act of 1974) to be submitted to Congress, but it is only a request. Both Houses of Congress under the process laid out in the 1974 Act craft their own budget resolutions, which is then subject to a House Senate Conference to complete a final Congressional Budget Resolution. A budget resolution does not need to be signed by the President; rather it is a Congressional document that is intended to set the legislative agenda both for legislative authority to spend federal monies (known as mandatory spending) and for...
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.