The White House released its negotiating objectives for NAFTA modernization, and there were mixed reactions. NAFTA Objectives Analyzed The White House released its negotiating objectives for NAFTA modernization, and there were mixed reactions. Republicans praised the intended revision by saying it goes beyond the Trans-Pacific Partnership (TPP); Democrats concurrently complained it lacked clarity and charged that it is just TPP now called NAFTA or a watered-down TPP. Importantly, U.S. agriculture sector trade lobbyists were pleased that the language in the document reflects the recommendations they had submitted to the new administration. Cotton Subsidies The congressional district of U.S. House Agriculture Committee Chairman Mike Conaw...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.