WHEAT: The initial outlook for 2021/22 U.S. wheat is for smaller supplies, higher domestic use, lower exports, and reduced stocks. Supplies are projected down 3 percent from 2020/21 on lower carry-in stocks offsetting higher production and imports. All wheat production is projected at 1,872 million bushels, up 3 percent from last year on higher harvested acreage and yields. The all wheat yield is projected at 50.0 bushels per acre, up 0.3 bushels. The projected 2021/22 season-average farm price is $6.50 per bushel, up $1.45 from last year’s revised price on reduced stocks and significantly higher U.S. corn prices. The initial global wheat outlook for 2021/22 is for larger supplies, higher consumption, inc...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
Key Takeaways: Vertical farming offers year-round production, reduced water use, and the ability to grow fresh produce closer to consumers. High electricity consumption for lighting and climate control has proven to be the industry's biggest obstacle to profitability. Large upfront investments...
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.