World Perspectives

Whither U.S. Trade Policy

May is World Trade Month and President Biden declared last week World Trade Week. USDA described it as the perfect opportunity to highlight the importance of trade to the farm sector and to the nation. However, most of the private sector free trade wonks spent the time reading former WTO official Ken Rockwell’s blistering 3,000-word expose entitled, What Went Wrong with USTR.  The indictment starts with the fact that USTR was born out of the Trade Expansion Act of 1962 and was charged with expanding the nation’s trade. He then highlights how far the Office has strayed from this agenda under President Biden, and specifically via the dysfunctional leadership of Katherine Tai. It is even suggested that USTR should be dissolve...

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Summary of Futures

Jul 25 Corn closed at $4.69/bushel, down $0.0325 from yesterday's close.  Jul 25 Wheat closed at $5.43/bushel, up $0.12 from yesterday's close.  Jul 25 Soybeans closed at $10.58/bushel, up $0.0775 from yesterday's close.  Jul 25 Soymeal closed at $296.9/short ton, up $2.6 from ye...

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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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