Today’s WASDE report changed the picture for oilseeds but in an underwhelming fashion. For those betting that suboptimal U.S. weather this past growing season would reveal its toll, there was disappointment. Total U.S. oilseed production was reduced 0.186 percent and then only because the slight increase in soybean production was not enough to offset reductions in the smaller oilseeds. The reductions understandably occurred in the Dakotas and USDA says it will resurvey farmers this spring in five states with some residual un-harvested crops. The report was also slightly bearish from a global standpoint. There has been suboptimal weather in South America, but USDA is not ready to make reductions without clear evidence and given the pe...
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.