Lanworth Reduces its Forecast for U.S. Soybean and Corn Production Lanworth, the crop forecaster subsidiary of Thomson Reuters, yesterday reduced its forecast for U.S. soybean production this year by 2 percent to 3.14 billion bushels (85.47 MMT) based on an average yield of 40.8 bushels/acre. It similarly lowered its forecast for U.S. corn production by 4 percent to 13.406 billion bushels (340.5 MMT) with an average yield of 152.4 bushels/acre.Lanworth said the reductions were based on the hot and dry conditions across the Midwest. I find it interesting that Lanworth and others have reduced their forecasts for U.S. soybean yields to close to that of last year when 58 percent of the crop this year is rated as good or excellent versus on...
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
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.