Regional News Russia’s agriculture ministry announced that 900,000 hectares of crops will need to be reseeded this year after several frosts/freeze events that destroyed crops in south/central Russia. The French spring crop area is forecast to include 1.44 Mha of corn (up 9.6 percent from 2023 and 5 percent below the five-year average), and 502,000 hectares of spring barley (up 12.2 percent from last year but 15.8 percent below average). Early last week, consultancy SovEcon lowered its forecast of the Russian 2024 wheat crop by 7.3 MMT to 85.7 MMT. If correct, that volume would be 1 MMT below the five-year average. A Ukrainian scientist said that recent frosts of -2°C and as low as -9°C in some plac...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.