PNTR: Congressional Democrats still refuse to schedule or vote for permanent normal trade relations (PNTR) for Russia, and Republicans refuse to vote for it alone even though they support it. The result is that U.S. business and consequently American jobs will begin to suffer later this month as other WTO members gain competitive advantage in the Russian market.Drought: The House will attempt to pass a standalone drought relief bill for livestock tomorrow, maybe. Meanwhile, Senate Majority Leader Harry Reid (D-Nevada) says he will only take up consideration of a House bill if it is worded exactly the same as a Senate-approved version. In this case, it is ranchers suffering from the drought that get shot.Biodiesel: Waiving the Renewable Fu...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.