World Perspectives

Economy Entering an Inflationary Period

The Federal Reserve Open Market Committee is meeting today and tomorrow, where it will revise its latest economic forecasts for the year and release its plan for short term interest rates.  At the June meeting of the Fed, the median forecast among the 17 Fed policymakers was that inflation would be 0.8 percent in 2020. Given the economic recovery to date and the growth in government spending, that will no doubt be too low. Also, in June the Fed’s projection of inflation in 2021 and 2022 was 1.6 percent and 1.7 percent.   From the growth perspective, according to the data from the Atlanta Federal Reserve Bank, Q3 growth could be near 30 percent. Economic reports so far show that consumer spending is outpacing productio...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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