Regional News Germany’s winter wheat area is estimated at 2.8 Mha for 2023/24, down 1.9 percent. Winter barley was seeded across 1.3 Mha this year, a 5.1 percent increase. Ukrainian officials are citing concern for the hardiness of winter crops (most notably wheat) as an unusually warm winter has delayed or prevented the “hardening” of these crops, making them more vulnerable to frost/freeze risk. The warm weather has also increased disease risk and prevalence in some 2-4 percent of winter grains. Ukrainian farmers are looking to expand spring crop planted area in 2023. Total planted area, however, will be down 20 percent from 2021 due to war’s impacts, especially in eastern Ukraine. Milling Wheat&nbs...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.