World Perspectives
wheat

WASDE Wheat

"Projected 2017/18 U.S. wheat ending stocks are raised 29 million bushels on increased supplies and decreased use.  Seed use is lowered 4 million bushels on the winter wheat planted area released today in the NASS Winter Wheat and Canola Seedings report.  Wheat feed and residual use for 2017/18 is lowered 20 million bushels and reflects disappearance for June - November as indicated by the December 1 and revised September 1 stocks released in the NASS Grain Stocks report.  All wheat exports are unchanged at 975 million bushels; however, a 10 million bushel decrease in Hard Red Spring exports is offset by 5-million-bushel increases each for Soft Red Winter and White wheat.  Total supplies are raised 5 million bushels on h...

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Summary of Futures

Dec 25 Corn closed at $4.315/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.5025/bushel, up $0.0675 from yesterday's close.  Jan 26 Soybeans closed at $11.215/bushel, down $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $317.4/short ton, down $3...

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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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