World Perspectives
feed-grains soy-oilseeds wheat

USDA Numbers Bearish Again

The tables below show today's USDA report numbers compared to last year's. In general, the numbers were bearish, although not quite as bearish as expected. Corn

USDA did drop the yield to 158 bushels per acre from the 164.9 bushels per acre used in the Outlook Conference numbers. U.S. corn exports are projected to be 1.3 billion bushels. That is probably too small if prices are going to get cheap. A 2 billion-bushel ending supply number is bearish, but not as bearish as many analysts have been talking about. The world corn crop is projected to be a new record, and so will world demand for corn. World ending supplies will increase if we produce a record world crop.

Soybeans

USDA lowered the corn yield but pushed the U.S. soy...

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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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