World Perspectives

Confusion Reigns

USDA’s WASDE report will not be released on the regularly scheduled date of 11 January as the Office of the Chief Economist has indicated that it takes about a week to properly compile the data for the potentially market-moving report. Moreover, the agency must also prepare the data and analysis for the crop progress and grain stocks reports. So, watch for a WASDE report about a week after the government opens.  In addition to the WASDE, other things that will be delayed include some of the trade mitigation funding, farm bill implementation (especially the new dairy margin protection program provisions that were on a tight timeline) and the EPA’s work on a waiver for year-round E15 use. Currently, E15 is generally banned s...

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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.

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