While today’s Stats Canada stock numbers did not contain any signficant surprises, two crops showed an interesting change from last year. Meanwhile, this week's U.S. hard red winter wheat crop quality tour exceeded expectations.Stats Canada released its 31March stocks estimates this morning, which are detailed in the table below:There weren’t any significant surprises in today’s numbers. WPI has pointed out on several occasions that Canada’s wheat stocks will be the lowest at the end of the marketing year (30 June) than in more than a decade. They could fall to 3 MMT (excluding durum), half of last year’s number and about 50 percent of the 10-year average. The other factor in tight stocks is the poor quality of those that remain. 2016 plant...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.