July is a critical month for corn and soybeans are made in August so short of freak events like last week’s derecho, this year’s crops are nearly past any troubles. Next week’s U.S. Midwest weather brings below normal temperatures and less precipitation, which is better than high temperatures and low precipitation, and the cooler temps are beneficial to pod filling. Globally, July 2020 has tied July 2016 as the hottest month on record, but crops are grown locally where conditions can vary tremendously. The heat in France has adversely impacted the corn crop but that has not been the case in the U.S. Midwest. France is about the size of four U.S. Midwest states and while there have been many warm days in corn and soy...
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.