World Perspectives
wheat

Cure for High Prices

Good moisture has enabled Australia to produce a record sized wheat crop. Due to proximity, Australia largely serves Asian markets and its wheat sales to China are up 158 percent. These sales have occured despite Chinese restrictions on many other Australian farm products. Trade ministers from the two countries have not met in over three years due to a diplomatic disagreement. However, China can buy Australian wheat at a 16 percent discount to wheat from the U.S. World wheat and U.S. wheat in particular looks set to get cheaper as record high prices lures increased production. Attracted by a record high farmgate price and lower input costs than corn or soybeans, a survey of U.S. farmers by Farm Futures magazine indicates they plan to incre...

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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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