U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah) announced that Trade Promotion Authority (TPA) legislation will not be introduced before April. The whole TPA situation is befuddling trade lobbyists in Washington. Squandering TPA Momentum U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah) announced that Trade Promotion Authority (TPA) legislation will not be introduced before April. The whole TPA situation is befuddling trade lobbyists in Washington who are trying to understand the current thinking in the White House. On the one hand, President Obama has declared his aspiration for it, and U.S. Trade Representative Michael Froman and other cabinet members are working hard for it. On the other, the issue sits at the pre...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How 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.