World Perspectives
feed-grains soy-oilseeds wheat

A Shot in the Dark

As it always does, USDA used its Annual Outlook Forum last week in Washington, DC to update its 10-year baseline projections. The trade of course pays the most attention to those for the coming marketing year. WPI published its initial 2019/20 U.S. supply and demand estimates for corn, soybeans and wheat in January. The table below shows a comparison of WPI’s initial numbers versus those just released by USDA.

WPI’s opinion in January was that soybean acres would not shrink as much as many analysts expect, which would also mean that corn acreage would not increase as much as anticipated. We still believe that today, especially considering the positive news surrounding the U.S.-China trade talks. The soybean market has been un...

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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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