World Perspectives
feed-grains soy-oilseeds wheat

USDA Reports Simply More of the Same

All had been hoping that the long-awaited USDA reports released today (originally scheduled for publication on 11 January) would reveal new insight, create some new market expectations or inspire the markets. Unfortunately, none of this was realized. Instead, they provided much of what had been anticipated, and that meant no unexpected gyrations in the markets. Following are the important highlights of these reports: Soybeans The 2018 U.S. soybean yield was reduced by 0.5 bushels/acre, decreasing production by 56 million bushels. Exports were lowered by 25 million bushels. U.S. crush was increased by 10 million bushels. U.S. ending supplies dropped from 955 million bushels in the December WASDE to 910 million bushels today, which co...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.7475/bushel, up $0 from yesterday's close.  Mar 19 Wheat closed at $5.0425/bushel, down $0.0275 from yesterday's close.  Mar 19 Soybeans closed at $9.075/bushel, up $0.04 from yesterday's close.  Mar 19 Soymeal closed at $306.5/short ton, up $1 from yeste...

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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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