World Perspectives
soy-oilseeds

WASDE Soybeans

USDA reports for August 2019: U.S. oilseed production is projected at 111.5 million tons, down 4.5 million from last month mainly due to a lower soybean production forecast. Soybean production is forecast at 3.68 billion bushels, down 165 million on lower harvested area. Harvested area is forecast at 75.9 million acres, down 3.4 million from the NASS June Acreage Report led by reductions for Ohio and South Dakota. These States account for almost half of the national reduction. The first survey-based soybean yield forecast of 48.5 bushels per acre is unchanged from last month but 3.1 bushels below last year’s level. With lower production partly offset by higher beginning stocks, soybean supplies for 2019/20 are projected at 4.77 billio...

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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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