Well! Those U.S. corn and soybean production estimates from USDA/NASS contained in yesterday's August WASDE provided another instance to show that we in the agricultural analytical fraternity are not nearly as smart as we think we are. Each year during the weeks prior to the anticipated August WASDE and NASS's first survey-based new crop corn and soybean yield and production estimates, members of the agricultural analytical fraternity pour over all of the weather data and forecasts, the weekly crop progress and condition reports, econometric yield modeling, reports from crop scouts, our own little crop tours and empirical testimony from farmers. We stir all of this together filtering it through our own experiences and biases. At the end o...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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