As evidenced in recent history, macroeconomic conditions can be extremely volatile. Real income growth, exchange rates, inflation and population growth are critical factors in determining the demand for agricultural production and trade. Since 2007, biofuels have played an increasing role in agriculture tying a significant component of agricultural demand to crude oil prices. The WAEES models include specific assumptions regarding macroeconomic conditions. We can provide alternative scenarios of macroeconomic conditions specific to client assumptions or general guidelines.