World Perspectives
feed-grains soy-oilseeds wheat

USDA’s Long-Term Projections

USDA's annual Outlook Conference is held in late February, and just prior to it each year USDA releases its updated 10-year baseline projections for the agricultural sector. This year's version contains projections through 2022 for agricultural commodities, including production, consumption, trade, commodity and food prices, and farm income. Making 10-year projections about anything as historically variable as agriculture must include a number of underlying assumptions about other highly variable but essential factors, such as macroeconomic influences, government policies, international developments and, of course, weather. Predicting variables that depend on other variables is challenging, to say the least, but USDA and its various agenc...

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U.S. grain transportation markets are slowly recovering from the shocks of bitter cold weather and low water levels on the Mississippi River System and from the surge in export demand. The latter is also causing strong rallies in ocean freight markets, particularly in the Atlantic basin. With g...

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livestock

Livestock Round Up: Cattle Margins and Distribution

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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.

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