2021/22 U.S. soybean production is forecast at 4.34 billion bushels, down 66 million on lower yields. The first survey-based soybean yield forecast of 50.0 bushels per acre is reduced 0.8 bushels from last month. Soybean supplies for 2020/21 are projected at 4.5 billion bushels, down 3 percent from last year. The U.S. season-average soybean price for 2021/22 is forecast at $13.70 per bushel, unchanged from last month. ...
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.