The International Trade Commission (ITC) announced last week it is upholding its decision that U.S fertilizer companies were harmed by Moroccan and Russian imports, and countervailing duties will remain in place. The net result is lingering uncertainty over the duties on imported phosphate fertilizers moving forward. This has been an ongoing issue since 2020. Following is a quick recap of the timeline. June 2020: The U.S. Department of Commerce (DOC) began an investigation into imposing countervailing duties (CVD) on imported phosphate fertilizer from Russia and Morocco. March 2021: Commerce made its final determination on this case assessing CVDs on imports from Morocco 19.97 percent, while imports from Russia were asse...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.