Sorghum is a minor crop, logging in just 5 percent of the global production of its close cousin corn. This is in large part due to its lower yield and more challenging processing. Yet it is more drought tolerant and readier for climate change than many other row crops. The U.S. is its largest producer and exporter, though it is volatile and has been trending downward. Argentina is the crop’s number eight global producer and number two exporter. Despite not even producing amongst the top 10, Australia is the number three sorghum exporter. Most of the top sorghum producers (Africa, India, China) tend to consume what they produce. Sorghum imports bounce around with the supply available. Steadier production and availability might m...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.