With USDA set to release the WASDE next Tuesday, 11 December, it's worth remembering that while the December supply and demand revisions typically do not show any signifcant changes, the WASDE is capable of providing a few suprises. WPI's Bob Kohlmeyer made some WASDE predictions in the Monday, 5 December 2005 issue of Ag Perspectives leading up to the report: We do not expect any surprises this time, but we do expect the December WASDE will set a bearish tone. After three months of the U.S. corn and soybean crop year, it has become clear that U.S. exports of each will not make USDA's November forecast of 2.0 billion bushels and 1.075 billion bushels, respectively. We expect USDA will reduce those numbers by at least 25 million bushels eac...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.