Stoller Enterprises, a Houston-based agronomic firm, announced yesterday that it was able to harvest 214.7 bushels of soybeans per acre (14.44 MT/hectare) in yield trials conducted at a farm in the Texas Rio Grande Valley. Huge U.S. Soybean Crop Gets Bigger As expected, USDA today raised its estimate for the current U.S. soybean crop to 3.913 billion bushels (106.5 MMT), 97 million bushels (2.64 MMT) greater than its August forecast. The average yield was increased by 1.2 bushels/acre to a record 46.6 bushels/acre (3.13 MT/hectare). USDA is forecasting total usage of U.S. soybeans in 2014/15 at 3.583 billion bushels (97.52 MMT). As a result, it is estimating U.S. soybean ending stocks on 31 August 2015 at 475 million bushels (12.93 MMT)...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.