World Perspectives

Varied Opinions on China; Varied Opinions on Trade Wars; China is Different

Varied Opinions on China The U.S.-invoked trade war with China is entering a critical period, and both its rationale and outcome are widely debated. President Trump claims he is optimistic and there is a good chance for an agreement, and he therefore thinks the 1 March imposition of more duties can be avoided. His agriculture secretary, Sonny Perdue, says “we’re still a long way” from resolving the dispute.  Meanwhile, USTR has just issued its annual National Trade Estimates report on foreign trade barriers, and it details a long list of problems with China. It also argues that the current proposed WTO reforms will fail to address those problems, and Beijing will simply block any efforts at the WTO it does not like...

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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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