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Senator Conrad Unveiling the Farm Bill

Retiring Senator Kent Conrad (D-North Dakota) is a busy guy in his last year in office. He is chairman of the Senate Budget Committee, and therefore in the throes of all the deficit and debt debates. In response to Republicans who said that Senate has not passed a budget resolution (as required by the 1974 Budget Act) in the last two years, he has been defending the work that has been done on deficit reduction via the 2011 Emergency Deficit Reduction Act. He's also taken the GOP presidential candidates to task for attacking the sugar program in a debate in Florida. And, he is writing a new farm bill proposal. Conrad, of course, was essentially the driving force behind the 2002 and 2008 Farm Bill drafting. (The latest USDA statistics show...

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feed-grains soy-oilseeds wheat

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Friday’s CFTC report showed managed money traders breaking a three-week trend of net short covering in the ag space as managed money traders expanded their almost-neutral positions. The expansion of short holdings came primarily from selling across the three soy complex contracts and from...

feed-grains soy-oilseeds wheat

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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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