USDA’s outlook for 2021/22 U.S. corn is for a modest reduction in beginning stocks because of ethanol and export demand. The forecast season-average farm price is unchanged at $5.70 per bushel. This month’s 2021/22 foreign coarse grain outlook is for greater production, marginally higher trade, and larger ending stocks relative to last month. Brazil corn production for 2020/21 is reduced on lower yield expectations for second-crop corn. However, Brazil's corn crop is far from decimated - please see the attached balance sheet of Brazilian corn production. ...
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.