World Perspectives

Thinking About 2025 Post Election Economy

There has been a spate of favorable economic news. Orders for durable goods were up 9.9 percent in July, mostly on orders for new aircraft. This was the biggest increase since July 2020. Corporate profits rose 1.7 percent in the Q2 over Q1 and are up 8.0 percent from a year ago. GDP in Q2 was revised upward to 3 percent versus the previous estimate of 2.8 percent. Initial claims for unemployment insurance fell 2,000 to 231,000 last week. Finally, a cut in the federal funds rate is all but guaranteed at the next meeting of the Federal Open Market Committee (FOMC) in mid-September. However, for many these data points don’t register as positive due to all the noise from the 2024 election. Vice President Harris has promised a prohibition...

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FOB Prices and Freight Rates App (Updated 3 April)

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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