World Perspectives

More Europe First; Taxing Ideas; Poor FTA Choice; “Unknown” and “May”

More Europe First The European Parliament will vote on a report from its agriculture committee that proposes subsidizing protein crops. Emphasized in the rationale is the transparent protectionist motive of import substitution. However, many of the other discussion points are also confounding. For example, its authors criticize soybean supplies from Brazil because of their environmental damage, but they propose allowing Europe’s subsidized protein crops to be grown in the ecological focus areas. The report also wants producers to use local, regional and on-farm crops, and it suggests more animals grazing on grass rather than eating soymeal. This prompted the European compound feed industry (FEFAC) to urge consideration of the nutriti...

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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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