The new Indonesian government has made achieving self-sufficiency in the production of soybeans, sugar, rice, corn and meat a greater priority than its predecessor. It can likely make progress in all except soybean production for several reasons. Mato Grosso Soybean Area Up and Corn Down, Says Institute The Mato Grosso Institute of Agricultural Economics estimates the Brazilian state will plant 8.87 million hectares (21.9 million acres) of soybeans for harvest in 2015. That is 5.1 percent above the previous year's 8.44 million hectares (20.86 million acres). The organization is forecasting 2015 production will reach 27.89 MMT versus 26.29 MMT in 2014, an increase of 6.1 percent. It is estimating an average yield in 2015 of 3.144 MT/hectar...
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.