World Perspectives

U.S.-Canada Road Forward; Limits of Tariffs; Real Ag Problems

U.S.-Canada Road Forward Donald Trump initially thought that U.S. agriculture was a problem for him since the sector was so paranoid about trade retaliation that it cried out loudly for him to “do no harm.” Now he has come to realize that it presents some of the best examples of protectionism faced by an American industry in markets abroad. At this past weekend’s G7 meeting in Canada, he zeroed in on the 270 percent duty that Canada charges on U.S. dairy exceeding that country’s relatively small import quota and mistakenly interpreted it as emblematic of the larger bilateral trade relationship. Then he and aide Peter Navarro made it personal with Prime Minister Justin Trudeau. This has rightfully left a very bad ta...

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Summary of Futures

Mar 19 Corn closed at $3.8175/bushel, up $0.0175 from yesterday's close.  Mar 19 Wheat closed at $5.1775/bushel, up $0 from yesterday's close.  Mar 19 Soybeans closed at $9.1675/bushel, up $0.09 from yesterday's close.  Mar 19 Soymeal closed at $315.1/short ton, up $2.9 from yest...

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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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