Lawyers have appealed to the states' attorney generals in 16 states seeking a class action lawsuit against the food industry similar to the successful one against Big Tobacco decades ago. Japan versus U.S. on TPP Japan's ambassador to the U.S., Kenichiro Sasae, said yesterday in Washington that his country prefers a "more realistic" Trans-Pacific Partnership (TPP) deal by the end of this month rather than taking more time to find "an ideal" one. By contrast, the U.S. ambassador to Singapore, Kirk Wagar, is quoted as saying that "it takes a while to get it completely right." Given that congressional Democrats have no intentions of moving anytime soon on the trade agenda, Japan faces many months of prolonged U.S. demands for the "ideal" tra...
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.