Strong Precipitation Could Affect Corn Crops Crop growth in northern China's corn belt could be negatively impacted by the recent continuous rain. Most of Heilongjiang province has been covered by 50mm of precipitation since early July, affecting approximately 33,333 hectares of cropland. Average precipitation in Jilin province during the period of 8-14 July reached 40 mm, which is an increase from the normal average of 32 mm. The general concern is that excessive rain may cause shallow roots and crop lodging in some areas, as most of the corn has entered the jointing stage. Domestic Sorghum Supply Shortage and Price Hikes China's sorghum price has increased to $670/MT this year, versus $409-441/MT in normal years. The price hike is...
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.