USDA estimated the 2018/19 outlook for U.S. corn is for lower feed and residual use, reductions in corn used for ethanol and exports, and larger stocks. Feed and residual use is lowered 75 million bushels. Disappearance during the December-February quarter is estimated to have declined about 9 percent relative to a year ago. Corn used to produce ethanol is lowered 50 million bushels and exports are reduced 75 million bushels. With supply unchanged and use declining, ending stocks are raised 200 million bushels to 2.035 billion. The global coarse grain production forecast for 2018/19 is up 5.3 million tons to 1,377.2 million. Brazil corn production is raised, reflecting improved yield prospects for second-crop corn. Argentina corn is...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.