If trade between Russia and Ukraine is disrupted by the current situation, the oilseed most impacted will be soybeans. Oil World Reduces South American Soybean Production Forecast Oil World substantially reduced its forecast for the 2014 South American soybean production in its 28 February edition to 150.6 MMT from its 24 January published estimate of 158.8 MMT, a decrease of 8.2 MMT or 5.1 percent. It is now forecasting the Brazilian soybean crop at 84 MMT, down from its earlier estimate of 89.5 MMT, and credits the drought in Parana and excess rainfall in Mato Grosso for the reduction. Continued wet weather in Mato Grosso was insinuated as a possible reason for it to further decrease its forecast for this production.The Hamburg-based we...
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
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.