World Perspectives

MFP Round 3 Crystal Ball

As if the terms of the Phase One trade deal with China has not generated enough questions for the market, it is indirectly sparking some more speculation about whether USDA will issue a third round of Market Facilitation Program (MFP) payments. The concept behind the MFP was to help tide farmers over during the trade uncertainty. Now, with USMCA half way through the U.S. Congress, a Japan agreement, and a China deal to sign will MFP have one last hurrah, or will it be eliminated. USDA will be making its decision any day now, as the process will need to commence in the early part of January, if the program continues. Top indicators will be: Finalized Trade Agreements: We have only one (Japan) in the bag, which starts 1 January. The Ch...

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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

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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