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feed-grains

WASDE Corn

USDA Notes: This month’s 2019/20 U.S. corn outlook is for larger production and beginning stocks, greater feed and residual use, lower food, seed, and industrial (FSI) use, and increased ending stocks.  Corn beginning stocks are raised 145 million bushels, reflecting lower use forecasts for 2018/19.  Exports are reduced based on current outstanding sales and shipments to date, with export inspection data for June the lowest for the month since 2013.  Feed and residual use is down based on indicated disappearance during the first three quarters of the marketing year in the June 28 Grain Stocks.  FSI is lowered with forecast declines in several categories of non-ethanol industrial use. For 2019/20, corn production i...

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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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