The soybean outlook continues to have a negative picture unless there is a significant production problem in South America this season or a big soybean yield issue in the U.S. in 2015. However, there are always caveats when discussing potential outcomes 12-18 months from now.We wrote about the potential corn outlook for MY 2015/16 last Monday in response to recommendations by several market analysts that producers should be aggressively selling 2015 corn production at anything near the $4.00 level in December 2015 corn futures (now trading right at $4.00). WPI's point was that today's corn price plus other relative crop prices should bring a significant decline in planted corn acres in the U.S. and around the world in 2015. Corn is no...
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.