Berry Marttin at Rabobank notes that agricultural commodity prices have risen 28 percent over the past year and are 40 percent above pre-pandemic levels. Low stocks, ongoing production concerns, expensive inputs and strong consumer demand means that prices are not going to meaningfully decline anytime soon. However, the price increases in 2022 are unlikely to match those of 2021, which is why investors rebalance their portfolios each year. For example, soybeans rose 1 percent in value in 2021 but La Niña will dent supplies in 2022, which has prompted funds to recently double their long positions. Supplies of products like coffee and cocoa may stay tight but December 2022 lean hog futures are priced at a 10.5 percent discount t...
The magpie goose (Anseranas semipalmata) is the sole living representative species of the family Anseranatidae. This waterbird is found in northern Australia and southern New Guinea.[2] The species is not truly migratory but it sometimes travels large distances to find food and water, especiall...
The common ostrich (Struthio camelus), or simply ostrich, is a species of flightless bird native to certain areas of Africa (and historically, Arabia) and is the largest living species of bird. The common ostrich is one of two extant species of ostriches, the only living members of the genus St...
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A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
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.