USDA Makes Questionable Cut in Forecasted U.S. Soybean Yield Yesterday's USDA crop production report surprised a lot of analysts by making a substantial cut in the forecasted average yield for the U.S. soybean crop this year. USDA/NASS reduced its forecast for the average yield by 4.3 percent to 42.6 bushels/acre (2.87 MT/hectare) from 44.5 bushels/acre (2.99 MT/hectare). It also reduced its estimate of U.S. soybean plantings by 500,000 acres to 77.2 million acres based on a re-survey of farmers in July. The result is that USDA is now forecasting the 2013 U.S. soybean production at 3,255,444,000 bushels (88.61 MMT) or 165 million bushels (4.49 MMT) less than its July forecast.64 percent of the soybeans in the states surveyed were rated...
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.