Regional News Recent swings in temperatures across the EU could leave winter crops weakened and more vulnerable to damage. EU winter crops have escaped significant damage so far, thanks to a warmer-than-average winter, except for an early December cold spell. Temperatures in recent weeks have started to cool down, which is generally good for crops but earlier warmth brought plants out of dormancy. The exit from dormancy combined with the cooling trend heightens the risks for crops heading into the last few months of winter. Forecasts for Russia’s 2022/23 wheat exports continue to increase with Rusagrotrans predicting 46 MMT of exports this year. Consultancy SovEcon’s estimate is slightly lower at 44.1 MMT, but up f...
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.