World Perspectives

Takeaways from Economic Data Reports

There has been a plethora of economic data reports this first week of November, plus a Federal Open Market Committee (FMOC) meeting of the Federal Reserve. Here is a recap of the data and news, and some take-aways. The trade deficit grew to a record $80.9 billion in September. Imports were up and exports were down as anyone anecdotally following the shipping container availability and port congestion issues would have easily guessed. There is a good news/bad news perspective. The good news is imports into the U.S. are up because the U.S. economy is recovering faster from COVID than most countries. Fundamentally, that means demand in the U.S. is higher than demand in the rest of the world. Economic gains come from U.S. businesses’ ov...

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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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