Regional News European weather trends remain unfavorable for crops with drought in Hungary and Romania hurting winter crop development and yield potential while wet weather slowed summer crop seedings across France, Germany, and Italy. Now, heatwaves across Spain, eastern Europe and the Black Sea are threatening both winter and summer crop yield potential. The economic links between Russia and China are growing as the two countries engage in more trade. From January through May 2024, Russia exported 124 KMT of wheat to the Middle Kingdom, a 9.3-fold increase from the prior year. India is on track to import a record large 500 KMT of sunoil in June, sourced from unknown countries (likely a combination of Russian or Ukrain...
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.