You can plug any yield you like into these acreage estimates today and come up with bullish and bearish outcomes.Today's USDA quarterly stocks and planting intentions reports were bullish corn, neutral wheat and slightly bullish for old crop soybeans. The tables below show the actual report numbers compared to expectations and 1 March 2013 numbers:Corn-Today's corn numbers, both stocks and acreage, were bullish for corn. The 1 March stocks estimate came in about 100 million bushels below the average trade guess. The problem is that many analytical groups were looking for another quarterly stocks report that showed a significant jump from the previous report. Remember that the January quarterly stocks number was the first bullish surprise th...
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.