World Perspectives

Chinese Energy Imports: Crude Oil at Record Levels

There has been much attention to, and discussion of, China’s declining two-way trade volumes. China is a trade dependent economy, with imports of many commodities and goods fueling its manufacturing and processing sectors and exports bringing in hard currency. China’s trade flows, however, are down so far this year. In U.S. dollar terms, first half 2023 (January through June) total trade was down 4.7 percent compared to 2022. Through August, exports dropped 5.6 percent and imports dropped 7.6 percent in value. This has raised the attention toward China’s tenuous economic situation. In agricultural trade, exports from the U.S to China have declined through the first seven months of the year by 17 percent, but by commodity...

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feed-grains soy-oilseeds wheat

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livestock

Livestock Roundup: Summer Cattle

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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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