World Perspectives
feed-grains soy-oilseeds biofuel

Oilseed Highlights

It is amazing that in what many believed to be a very challenging crop year the U.S. national average soybean yield was a record high.  USDA Reports Indicate Record U.S. Soy Yields, Higher Stocks, and Lower Prices Today’s USDA crop production report raised the estimate for the average U.S. soybean yield in 2015 by 1.1 bushels/acre to a record high of 48.3 bushels/acre (3.25 MT/hectare). While the market was largely expecting an increase it was not expecting such a large increase. Because of the yield increase USDA raised its forecast for the 2015 soybean crop to a record 3.981 billion bushels (108.36 MMT). USDA raised its forecast for ending soybean stocks from 425 million bushels (11.57 MMT) to 465 million bushels (12.66 MMT). It al...

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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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