World Perspectives
soy-oilseeds

WASDE Soybeans

USDA’s April forecast for 2022/23 U.S. soybean supply and use forecasts is unchanged relative to last month.  Soybean and soybean meal prices are also unchanged.  The soybean oil price is projected at 64.0 cents per pound, down 2 cents. Global 2022/23 soybean production is reduced 5.5 million tons to 369.6 million: Lower crops for Argentina and Uruguay are partly offset by higher production for Brazil.  Soybean production for Argentina is lowered 6.0 million tons to 27.0 million on hot and dry weather conditions through March.  Uruguay production is lowered 0.9 million tons to 1.2 million on a lower harvested area and yield.  Partly offsetting is higher production for Brazil which is increased 1.0 million ton...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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The Strange Effects of Screwworm

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.13/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.0025/bushel, up $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.065/bushel, down $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $274.3/short ton, up $0.2 fro...

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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.

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