Extreme Weather Affects China's Major Ag Commodities It has been a tough summer for China with floods in the north and northeast as well as high temperatures and drought in the south that have affected several of the major agriculture commodities. Some growers from northeast China, the nation's grain belt, have commented that much of the farmland is saturated and the crops are already dead. However, the national media has been restrained in reporting the loss of corn, soybean and rice from the flooding. The top grain-producing region received as much as 50 percent more rain than the average of previous years. The worst aspect is that this year's flood is prolonged. Additionally, early frost becomes a concern as the first week of Septem...
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.