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: 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.