2015 production of grain sorghums, barley and oats is expected to exceed domestic demand by more than 360 million bushels. This illustrates how important exports have become to the combined overall supply/demand outlook for the three grains.When not trying to make sense of the Chinese economic situation and what it might mean, much of the market's attention has been focused on the potential yield and size of the 2015 U.S. corn crop. USDA's first survey-based estimate of a national average yield of 168.8 bushels/acre and production of nearly 13.7 billion bushels in the August WASDE came as quite a bearish surprise even to most private observers. Pre-report private estimates had been lower by 3-4 bushels/acre and about 300 million bushels. In...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.