Argentina’s government has already started playing games with the export declarations allowances. They reopened the export registry for additional quantities of 100 KMT of old crop (2020/2021) against a vessel nominations, plus 500 KMT of new crop wheat and 1 MMT of new crop corn. After the announcement, corn export declarations reached 39.5 MMT for old crop and old crop wheat declarations hit 10.9 MMT. Wheat Harvest continued last week with almost 6 percent more harvested, but rains slowed progress. Total harvest reached 17.6 percent of the area, which is down 2.2 percent from last year’s pace. Due to last week’s rains, crop conditions improved again and 92 percent of the crop is rated between normal and excellen...
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.