The Biden Administration’s “trade lite” agenda will pick up steam in 2023 as it seeks to bring to fruition rules-based changes via its Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity. Pro-trade Rep. Ron Kind (D-Wisconsin) and Sen. Pat Toomey (R-Pennsylvania) proposed a six-point trade agenda for Congress that would focus on clawing back Congressional control over trade, including a revised Trade Promotion Authority and pursuit of market access agreements. Some trade lobbyists in Washington are expressing more wishful thinking than pragmatism when they say Republican control of the House will rejuvenate interest in conventional trade agreements. Right now, the Republicans cannot e...
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.