India has suffered from droughts during the past two years, reducing its production of lentils, peas and other pulse crops that are diet staples for many there. This has led to sharply higher prices for the crops and is expected to impact Canadian farmers' planting decisions. Surprising March NOPA Soy Crush This past Friday’s National Oilseed Processors Association (NOPA) soybean crush report showed last month was surprisingly good for members as they had crushed 156.69 million bushels (4.265 MMT). That was the second-highest crush total for March, second only to 6162.822 million bushels (4.432 MMT) during the same month in 2015. The average daily crush in March was 5.04 million bushels, up slightly from the average in February. The month...
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.