After moving higher the past few days and weather improving in both North and South America, there was low volume profit-taking in grains and soybeans. By contrast, livestock products continued the rebound that began in earnest late last week. While agriculture has been highlighted as a m...
One of the metrics we’ve been watching as a sign of herd rebuilding is the number of heifers as a percent of on feed inventory. However, we’re in new territory. For the first time since heifer on feed reporting began in 1996, the inventory of replacement heifers has fallen below Hei...
Mediterranean/Middle East/North Africa/Africa – MEA Region Jordan increased its domestic price for wheat flour by 2.8 percent. This is the selling price set monthly by the government for sales by local flour mills. According to officials, this will not affect the local price of bread whic...
The CBOT was mostly in the red on Monday, though the weaker trade was primarily from bulls taking a breather after last week’s dramatic rally. After the recent surge in corn, the soy complex, and to a lesser extent wheat futures, the markets were overextended and due for a down day. That...
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.