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feed-grains

WASDE Corn

USDA Estimates: U.S. corn outlook is for lower production, reduced use, and smaller ending stocks.  Corn production is forecast at 13.661 billion bushels, down 118 million from last month on a 1.4-bushel reduction in yield to 167.0 bushels per acre.  The season-average corn price received by producers is raised 5 cents to $3.85 per bushel based on observed prices to date.  Corn exports are raised for Brazil and Russia, with reductions for the United States and Mexico.  Foreign corn ending stocks are lower relative to last month. Global corn ending stocks, at 296.0 million tons, are down 6.6 million.    ...

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Middle East, Mediterranean and Africa Regional Analysis

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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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