China's New Wheat Price Rises for Active Acquisition China's Ministry of Agriculture's latest release indicates approximately 17.47 million hectares of wheat have been harvested to date, accounting for over 75 percent of the total. New wheat price rises occurred as soon as it was first put on the market with about $7-13/MT growth per week in the past month. Traders were encouraged by the low opening price. Slow recovery in the feed sector also supported the price growth in wheat. Rationing of wheat use in poultry feed may increase to 40 percent with the quality wheat possibly used as hog feed.Despite the rising price, over 10 MMT of new wheat in Henan, Shandong, Anhui and Jiangsu cannot meet the quality standard for supportive procuremen...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.