Yesterday afternoon a private analytical group released their estimate of U.S. corn and soybean production. The corn number was slightly above the USDA July estimate and just shy of 14 billion bushels. That is simply a ton of corn and it would take some sort of cataclysmic event (like a major early freeze) to change that number enough to significantly affect ending supplies and price direction. The soybean number, however, was below the USDA estimate by over 100 million bushels. The yield was pegged at 43 bushels per acre compared to the latest USDA estimate of a record 44.5 bushels per acre.Unlike corn, the soybean yield can make a major difference in whether we are talking $11.00 or $12.00 soybean prices or $13.00-14.00 soybean prices...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.