Wheat has been the topic of conversation for the past few weeks. We have pointed out that U.S. and world supplies continue to decline as production levels slip smaller across the Southern Hemisphere and world demand stays at least steady. This decline in supplies has been especially evident among the world's major exporting countries. It used to be the Big 5 exports of the U.S., Canada, Australia, Argentina and the United States. We must now add Russia, Ukraine and Kazakhstan, as we showed in a table of world wheat production, consumption and supplies among the major exporters last week. It all points toward increased U.S. wheat exports during the last half of the marketing year. This is contrary to most marketing years when U.S. wheat mu...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.