Biden Buckles Much the way Donald Trump’s threat to end NAFTA united Congressional Republicans and Democrats in support of the USMCA, China has managed to flip President Biden’s view toward the CPTPP. Yesterday, the White House conceded that it was open to discussing joining the Comprehensive and Progressive Agreement on the TransPacific Partnership after China formally applied for membership. Ignore the qualifier that the CPTPP would have to first be modified to better suit American interests since the threshold would likely be low. Beating China is all that matters. It is now certain that China’s application caused alarm bells to off within the U.S. national security apparatus and that USTR has been charged with...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.