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wheat

WASDE Wheat

USDA Notes: The outlook for 2019/20 U.S. wheat this month is for lower supplies, higher domestic use, larger exports, and reduced stocks.  Supplies are reduced as a smaller carry-in is not completely offset by higher production.  Forecast 2019/20 U.S. wheat production is raised 18 million bushels to 1,921 million.  The all wheat yield is forecast 1.3 bushels per acre higher at 50.0 bushels.  Winter wheat production is raised to 1,291 million bushels with increases in all winter wheat classes this month.  The first 2019/20 survey-based production forecasts for other spring wheat and Durum are both lower than last year, mainly on reduced harvested area at 572 and 58 million bushels, respectively.  Domestic use is...

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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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