Normally, the March WASDE competes for being the least exciting issue of the year. With the South American harvest already underway, it is positioned between the more-or-less settled old crop supply/demand outlook and the still-to-be-determined new crop outlook. Northern Hemisphere winter wheat is usually just emerging from dormancy, and its production potential is still very much an unanswered question. And in early March, the same can be said for farmers’ planting intentions for spring-seeded crops. We expect this report, which will be released tomorrow (8 March), will also follow the trend of unexciting March WASDEs. There should be only minor changes in South American corn and soy production estimates as well as in U.S. and world...
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.