USDA Report Shows Predicting Soybean Yields Not Easy Last Friday's USDA NASS final crop production report indicated the U.S. soybean crop in 2012 totaled 3.01 billion bushels with an average yield of 39.6 bushels per acre. That made it the seventh largest U.S. soybean crop ever, which is amazing considering the severity of last year's drought. The final production estimate was 381 million bushels, or 14.5 percent above the September crop report, when USDA forecasted the average yield at 35.3 bushels per acre. Few would have believed in September that the final yield could be that high.Forecasting soybean yields has always been a crapshoot, but this year proved to be extremely difficult because of the late rains that feel in several key s...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.