World Perspectives
soy-oilseeds

WASDE Soybeans

USDA forecasts U.S. soybean production at 4.425 billion bushels, up 290 million on higher yields.  Harvested area is forecast at 83.0 million acres, unchanged from the July projection.  The first survey-based soybean yield forecast of 53.3 bushels per acre is raised 3.5 bushels from last month and is 5.9 bushels above last year’s level.  Soybean supplies for 2020/21 are projected at a record 5.1 billion bushels, up 13 percent from last year.   U.S. soybean exports are raised 75 million bushels to 2.13 billion on increased global import demand, increased supplies, and lower prices.  The U.S. season-average soybean price for 2020/21 is forecast at $8.35 per bushel, down 15 cents from last month.  ...

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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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