USDA data released on Monday confirmed that global supplies are abundant, and any prospect of South American farmers soon being rescued by escalating prices does not appear good as it is becoming increasingly clear that they may have a difficult road ahead for a number of reasons.USDA data released on Monday confirmed that global supplies are abundant, and any prospect of South American farmers soon being rescued by escalating prices does not appear good. It is becoming increasingly clear to South American grain and soybean producers that they may have a difficult road ahead due to factors such as difficult economic conditions, low international prices, government intervention, uncertain exchange rates and the need to eventually pay their r...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.