General Comments The ongoing dispute between the EU and GFS weather models was tempered overnight when the latest EU model run shifted from its previous hotter, drier outlook for the U.S. Midwest to one that is more in line with the cooler, wetter one projected by the GFS model. Both models now shift the high pressure ridge westward and lower its intensity. This will allow an outbreak of showers by Friday that should continue intermittently over the Midwest nearly every day next week and into August. The current heat will moderate by late this week with the increased chances of showers and should remain at seasonal levels, or even below normal, well into August. In particular, the dry southern and western portions of the Corn Belt shou...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.