General Comments We commented yesterday that Stats Canada's estimate of Canadian canola stocks as of 31 December was slightly lower than expected and at a level that revealed an unsustainable pace of disappearance during August-December. We should also point out that estimated stocks of Canadian wheat and feed grains fell below trade expectations as well. August-December use of wheat, barley, corn and oats has exceeded predictions. Of particular note is the 10 percent increase amount of wheat used for feed during this period compared with last year, whereas USDA has been predicting an annual decline of nearly 20 percent. It seems likely that Canada's 2012/13 crop year ending stocks of canola, wheat, barley, corn and oats will all reflect...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.