World Perspectives

USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports to Congress on its assessment of how the deal has worked, whether the U.S. wants to extend it, and any changes intended.  Canada and Mexico will undergo similar processes to decide on the pact’s fate.   USMCA went into effect in 2020 (replacing the North America Free Trade Agreement) as the high-level free-trade deal among Canada, Mexico, and the U.S.  The terms of the agreement call for a mandatory joint review in July 2026...

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FOB Prices and Freight Rates App (Updated 22 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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