World Perspectives
feed-grains soy-oilseeds

Forecasting Crop Production

It is late July and here we are again in the U.S. crop forecasting season. During the next few weeks we will hear numerous predictions of the size of the corn and soybean crops based on formal and informal group and individual crop tours, producers' testimony, computer modeling and plain old "blue sky" guesswork. Crop forecasting is a staple for this time of the year, of course. However, this year -- with most of the U.S from the Plains to the Atlantic Ocean suffering the worst drought since 1936, and with old crop U.S. supplies of corn and soybeans already very tight -- forecasting the size of the drought-damaged 2012/13 crops takes on an entirely new significance.There have been and will continue to be almost daily crop production forec...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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