USDA’s outlook is for U.S. soybean supplies being relatively unchanged as lower beginning stocks and imports offset higher production. With crush and export forecasts unchanged, the ending stocks projection remains unchanged at 475 million bushels. The average U.S. yield estimate was increased a half bushel to 47.4 bushels per acre. The U.S. season-average soybean price for 2019/20 is forecast at $9.00 per bushel, up 15 cents in part reflecting stronger soybean oil prices. ...
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.