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feed-grains wheat softs

Trade and Food Security

An anomaly since COVID disrupted supply chains is that the price of rice has been more stable than other food staples such as corn and wheat.  One argument for this is that a far smaller share of total rice production is traded, making it less subject to global supply/demand volatility.  This runs counter to arguments that a diversified supply chain means that a production problem in one area is remedied by surplus supplies arriving from elsewhere. Historically, the prices for these three food staples have correlated. However, rice has itself encountered periods in which its price has proved an outlier. In 2008, it reached high levels relative to wheat due to a supply shortage. In 2002 and 2013, rice farmers were exasperated...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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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.

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