World Perspectives
feed-grains soy-oilseeds wheat

The September WASDE

USDA's eagerly awaited September WASDE was greeted happily by corn market bears and soybean market bulls. USDA reduced the 2012/13 average corn yield from 123.4 bushels per acre in August to 122.8 bushels per acre in September. Leaving harvested acres unchanged at 87.4 million, estimated 2012/13 U.S. corn production fell just 52 million bushels to 10.727 billion bushels. The reductions in the corn yield and total production were far smaller than expected. Average trade expectations had been for a yield around 120.5 bushels per acre and production between 10.4-10.5 billion bushels. Thus, the trade was more than 2 bushels per acre and nearly 300 million bushels lower than USDA. Given the advanced maturity of the corn crop and the record ear...

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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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