Regional News Black Sea weather patterns are trending cold and dry. Temperatures are too cold for crop growth and a large portion of the central wheat-growing region will need to be replanted. Conditions remain favorable in southern Russia, however. Overall, threats to the Russian crop are outweighing favorable conditions in the south, causing FOB prices to rise. Europe is facing a similar weather trend with below-normal temperatures forecast for this week and most of the following week. Southern Europe will remain dry this week before rains return next week, though the forecast mid-April rains will miss the UK. German winter crops were not as affected by recent cold weather as crops in other EU countries. Traders note German...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.