World Perspectives
feed-grains

WASDE Corn

CORN:  USDA forecast U.S. corn production for 2022/23 at 14.4 billion bushels, down 146 million from the July projection.  The season’s first survey-based corn yield forecast, at 175.4 bushels per acre, is 1.6 bushels below last month’s projection.  The primary reason is reduced corn yield estimates in Indiana, Missouri, Nebraska, and Ohio.   Supply is estimated to fall more than use, and the result is that the ending stocks forecast is reduced 82 million bushels to 1.4 billion.  The season-average corn price received by producers is unchanged at $6.65 per bushel.    ...

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Summary of Futures

Dec 25 Corn closed at $4.17/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.15/bushel, down $0.0525 from yesterday's close.  Nov 25 Soybeans closed at $10.2525/bushel, down $0.06 from yesterday's close.  Dec 25 Soymeal closed at $285.8/short ton, down $3.2...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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