World Perspectives

Bilateral Bungling; Inexplicable Productivity; Geopolitical Outlook

Bilateral Bungling The WTO Ministerial starts this weekend in Buenos Aires, but no major outcome is expected since the U.S. is supposedly focused on bilateral agreements. However, that focus doesn’t seem to be in much better shape than the WTO process. Japan just completed a free-trade agreement (FTA) with the EU, something that will help European farmers ship more of their products into Busan, but Tokyo has rebuffed the Trump administration’s request for trade negotiations. Then there is South Korea, which has an FTA with the U.S. However, that is littered with high tariffs on beef, rice and other products. Yet representatives from Seoul are trying to convince Washington that the status quo is good while deflecting attention t...

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 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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