Biden’s Error in Commodity Strategy The U.S. is the world’s largest oil and gas producing nation. Russia is a close number two. But note the following: First, almost a fifth of the Russian economy is based on oil and gas, versus just 8 percent of the U.S. economy. Second, and more importantly, almost half of Russian government revenues are supported by this one, single sector. The comparison is embarrassing. The U.S. government gets only about 0.6 percent of its revenue from the oil and gas industry. This is a massive imbalanced situation. A GS-9 Langley employee recognizes the opportunity. U.S. energy production has increased but not as much as it could. Instead of unleashing this commodity advantage, Washington is tr...
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...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.