China's Ministry of Agriculture (MOA) and Ministry of Education together recently launched the "Training Plan for New Type Professional Farmers." This initiative has come as China struggles to improve agricultural efficiency amid a decrease of rural laborers. China's Corn and Hog Prices Increase with Limited Growth Potential During the week of 11 May, China's cash corn price continued to rise and reached an average of $389/MT, which is up nearly $33/MT from early April. Ongoing government purchases, particularly in northern China, contributed greatly to the price increase. According to data released by China Grain Reserves, the government has purchased over 69 MMT of corn in Inner Mongolia, Liaoning, Jiin and Heilongjiang since last Novem...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
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.