World Perspectives
soy-oilseeds energy

Exaggeration as Trade Policy

Every country in the world has a trade policy pertaining to whatever it imports or exports. The policy may be explicitly touted by its government or developed on a strictly unwritten empirical basis. National trade policies always include some sort of government involvement, be it passive laissez-faire, aggressive management or, usually, something in between. With some notable exceptions, the U.S. has generally long pursued free trade policies and the elimination or at least reduction of import tariffs and non-tariff trade barriers. It was a key sponsor of the Tokyo and Uruguay Rounds of international trade negotiations as well as a supporter of the agreements that both produced, including establishment of the WTO. In the 2016 election ca...

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Summary of Futures

Mar 19 Corn closed at $3.7475/bushel, up $0 from yesterday's close.  Mar 19 Wheat closed at $5.0425/bushel, down $0.0275 from yesterday's close.  Mar 19 Soybeans closed at $9.075/bushel, up $0.04 from yesterday's close.  Mar 19 Soymeal closed at $306.5/short ton, up $1 from yeste...

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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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