Wheat Finally, the government announced that export declarations made by exporters for shipments from December to February may be extended for 12 months with no penalty. Export declarations are made for a specific shipping period within which they must shipped to avoid penalties. In this case there are declarations for 2.9 MMT for December, 2.7 MMT for January and 2.8 MMT for February. The announcement provides some relief for exporters who have only purchased 5.3 MMT in the local market. If they had to buy the remaining 3.5 MMT and sell it FOB within the December/February period, the margins would have been strongly negative. This policy change gives them the possibility to buy FAS and sell FOB only in case it is a good business fo...
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.