Wheat: Net sales for the 2019/2020 marketing year, which began June 1, totaled 47,600 MT metric tons, resulting increases for Japan (112,100 MT, including 11,000 MT switched from unknown destinations and decreases of 200 MT), Mexico (75,300 MT, including decreases of 500 MT), Taiwan (56,700 MT, including 55,000 MT switched from unknown destinations), Iraq (55,000 MT, including 45,000 MT switched from unknown destinations), and Vietnam (30,000 MT). Reductions were primarily for unknown destinations (189,200 MT), the Philippines (50,000 MT), and South Korea (48,600 MT). A total of 1,587,300 MT in sales were carried over from the 2018/2019 marketing year, which ended May 31. Exports for the period ending May 31, of 17,6...
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.