World Perspectives
soy-oilseeds

Soybean Economy

The last quarter's GDP growth was the highest since the third quarter of 2015 and more than twice the average rate for this year’s first two quarters. One of the drivers was exports, which was spurred by ag commodities, particularly soybeans.The U.S. Department of Commerce last week released its Advance Estimated of Gross Domestic Product (GDP) for the third quarter of 2016. It indicates the economy grew at an annualized rate of 2.9 percent in the third quarter versus pre-report estimates of 2.5 percent. The actual growth in GDP was the highest since the third quarter of 2015 and is more than twice the average rate for the year’s first two quarters of 1.1 percent.GDP growth is determined by consumption, investment, government spending and n...

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livestock

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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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