Regional News World wheat and commodity prices remain on the defensive as 2022/23 wheat shortage estimates are less dire than previously predicted and as rising interest rates look to curb global commodity demand. The U.S. and European central banks, along with several others, continue to discuss raising interest rates to fight inflation, a monetary policy that will likely curb world commodity demand. Consequently, and when combined with the lack of major weather disruptions in key producing countries so far, grain and oilseed markets have pulled back sharply from recent highs. Western and central Europe will remain under a searing heatwave for the next two weeks with minimal precipitation available to support crops. The regio...
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.