CORN As of today, 93 percent of the expected area has been planted, representing a year-on-year delay of more than five percentage points. Some late-planted fields may remain unseeded due to a lack of soil moisture. Rainfall remains absent, while persistently high temperatures are increasing crop water demand. Corn crops are beginning to suffer, and both crop condition and soil moisture ratings continue to deteriorate. Currently, 52 percent of the corn crop is rated excellent to good, a decline of 12 points week-on-week and 32 percentage points over the past two weeks. An additional 37 percent of the crop is rated fair, while 11 percent is rated poor. Regarding moisture conditions, 52 percent of the area is rated optimal to adequate, down 1...
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.