Wheat In the last two weeks, amid drought and sunny, warm weather, Argentina’s wheat harvest moved fast and reached almost 90 percent of the planted area. The crop is still estimated between 21.5 to 22 MMT and could increase if yields in the south exceed their average volume. Since the government determined an “equilibrium volume” of 12.5 MMT of wheat exports for the year, exporters have registered 1.6 MMT in just two days. With this added volume, total declarations hit 11.23 MMT, which represents 90 percent of the exportable surplus. From now until exports reach 100 percent of the “equilibrium volume” exporters can only register with grain that is already bought and against a nominated vessel that will...
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.