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feed-grains soy-oilseeds

July/August Weather Not Good for Soybeans

July is corn's month because that's when pollination takes place. August is soybean's month because that's when blooming and pod setting take place. This year, soybean's month will really extend into the first half of September because much of the crop was planted so late. Soybean's Month Isn't Going So Well Weather-Wise As the three pictures below show, rainfall has been far below normal for the last 30 days, the drought area across the western Corn Belt has actually expanded over the same period and the extended forecast looks very dry across most of the Corn Belt.There appears to be another issue with the potential soybean yield, as we pointed out last Friday. That issue is the reduced number of pods per plant across much of the west...

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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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