World Perspectives

Shipping Containers and Food Box Program Still Unsettled

The ag and food supply chain is recovering from COVID and at least two key aspects of that process are becoming policy debates. The first is the ongoing disruption of shipping container availability and the second is the structure of food aid.   Regarding shipping containers, the Ag Transportation Coalition last week sent a letter to Transportation Secretary Pete Buttigieg asking the Department of Transportation (DOT) to assist the Federal Maritime Commission (FMC) to “expedite enforcement options” saying “We need action now, not additional studies” referring to the FMC’s several investigations to date. The FMC initiated Fact Finding No. 29, “International Ocean Transportation Supply Chain Enga...

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Wheat:  Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average.  Corn:  Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...

soy-oilseeds

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AM Outlook - Weather, Stocks and Funds

GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend.  The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn.  End-users continue...

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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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