Does the fundamental outlook for soybeans as seen right now in April 2014 deserve an old crop/new crop inverse so much wider than during April 2013?For some reason, we cannot seem to leave the 2013/14 old crop soybean situation alone, so please pardon us if we toss it around one more time. We suppose it attracts us because we are having such difficulty in trying to figure it out. It is very puzzling in certain respects; at least it is for us.The U.S. soybean carryout at the end of 2011/12 was 169 million bushels, or 5.4 percent of total use. In 2012/13, it was 141 million bushels, or 4.5 percent of total use. The forecast for 2013/14 in USDA's April WASDE is a carryout of 135 million bushels, which would be 4 percent of total use. Looked in...
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...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
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.