USMCA Reckoning USTR Robert Lighthizer and his Canadian and Mexican counterparts are meeting today to discuss the U.S.-Mexico-Canada Agreement. Lighthizer will likely give a brief on the final demands by Democrats before allowing Congressional consideration of the trade pact. Key will be the labor rights enforcement provisions demanded to be imposed on Mexico. Organized labor has played hardball, once demanding that shipments of goods crossing the border be seized if produced with substandard labor requirements. The question is whether the latest bottom line is low enough for Mexico City to abide. Make my Brown Eyes Green China claims fidelity to the Paris Agreement on climate change and yet, according to the Global Energy Monitor, Beiji...
What You Need to Know Today: Funds remain in control of the market, which means broadly bearish trade for the ag sector. Monday’s massive corn export sale to Mexico helped trigger some short covering and a bit of other end-user buying in corn, which could help stabilize the market. Wheat...
With less than 24 hours until Election Day, control of the Senate remains a wild card. Republicans and Democrats alike say they are poised to win control of the chamber in the new Congress that starts in January 2027. The House of Representatives is more of a lost cause for continued Republican...
Key Takeaways: U.S. hog and pork prices have declined sharply, with December lean hog futures ending October at $58.875/cwt and the pork cutout reaching its lowest level since January 2021. Seasonal increases in hog slaughter and pork production have contributed to price weakness, although the...
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.