The CBOT was sharply lower on Tuesday as traders reacted to the USDA’s Crop Progress report, in which corn, soybean, and spring wheat conditions and development were highly favorable. That, combined with high corn yield and soybean pod count estimates from various crop tours sent the mark...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s government purchased 3.93 MMT of local wheat from this year’s harvest an increase from last year’s 3.43 MMT purchase. The government had originally targeted a very enthusiastic 5.0 MMT. The local wheat ha...
Beef packer margins improved for the second straight week, adding more than $100/head to profits thanks to record highs in the beef market. Margins remain deeply negative, however, which will be a concern for cattle markets going forward. One encouraging factor is the broad-based strength acros...
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.