News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS Turkish crop production estimates for 2013 show the following: 7.9 MMT of barley, 5.0 of MMT corn and 21.9 MMT of wheat. Total production is forecast to be up by about 9.1 percent over 2012.A study done in Saudi Arabia on the long-term water situation reports that temperatures are expected to increase by about 4 degrees over the next 40 years, which will increase the water requirement by 15 percent. This does not factor in increased agriculture or population. Agriculture currently uses 90 percent of the country's water supplies, and the continued rapid growth of the industry certainly will lead to greater water needs. The study says that the output of the desalinization system will have...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.