WPI's acreage estimate is based on the belief that the very wet conditions across the Delta will result in acres shifting back to soybeans from corn. The key to all early projections of the 2016-17 ending stocks is, of course, the yield estimate.Following up on WPI’s previews of the outlook for 2016-17 U.S. corn and wheat (see Ag Perspectives, 4 April and 5 April 2016), today is an initial peak at the year’s potential U.S. soybean situation.The table below presents the previous two years of USDA estimates and WPI’s guesses for 2016-17. Our acreage estimate is 1 million acres larger than USDA’s 31 March intentions. It is based on the belief that the very wet conditions across the Delta will result in acres shifting back to soybeans fro...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.