World Perspectives

Economic Recovery Officially V-Shaped

On 29 October, when the Bureau of Economic Analysis (BEA) issues the Q3 2020 GDP report, it likely will show the economy grew at more than 33 percent, based on a string of very positive economic reports since July. The Federal Reserve Bank of Atlanta maintains its GDP “NowCast” which plugs in the latest economic releases contemporaneously to monitor where GDP is trending.   Based on today’s Housing Starts report, yesterday’s Treasury statement, and last week’s strong Retail Trade and Industrial Production, today’s nowcast estimate of Q3 GDP growth is 35.3 percent on an annualized basis. The next update is on 27 October with the Advanced Durable Manufacturing report.  Below shows how the fo...

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Sustainability improvement in agriculture is moving?

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feed-grains soy-oilseeds wheat

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Summary of Futures

Mar 21 Corn closed at $4.2075/bushel, down $0.0525 from yesterday's close.  Mar 21 Wheat closed at $5.7725/bushel, down $0.0775 from yesterday's close.  Jan 21 Soybeans closed at $11.62/bushel, down $0.065 from yesterday's close.  Jan 21 Soymeal closed at $390.2/short ton, down $...

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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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