Regional News International demand for wheat has picked up after the recent decline in prices with Egypt and Algeria issuing large tenders last week. Egypt’s GASC set a deadline of 12 August for its large tender for over 3 MMT in several tranches, and early results indicate Ukraine submitted the lowest offer for 1-15 October shipment at $244/MT FOB for 60 KMT. The weather in Europe remains challenging for summer crop development as above normal heat blankets the continent over the next two weeks. Western Europe should see slightly above-average precipitation in the next 2-5 days before turning drier next week while Eastern Europe and the Black Sea remain well below normal for the next 15 days at least. The heat and dryne...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.