India’s Corn Prices Too High; End Users Want Imports The Indian poultry, dairy, feed and starch sectors’s corn consumption has grown 1.1 MMT since 2014/15 to reach 19.63 MMT in 2017/18. The marketable surplus peaked in 2016/17 at 19.10 MMT, per the industry estimate. Erratic supplies have affected domestic demand, causing the latter to move from a 19.97 percent decline in 2015/16 to a 19.59 percent increase in 2016/17 when stocks were at the highest. The government of India (GOI), though, has projected the increase in supplies will drop from a high of 14.8 percent in 2016/17 to a low of 0.90 percent in 2018/19. Meanwhile, the industry has projected a decreases in production of 2.17 percent in 2017/18 and 7.11 percent in 2018/1...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
The CBOT/CME markets and our offices will be closed tomorrow, Friday, 19 June in observance of the U.S. Juneteenth holiday. Please note that the next Ag Perspectives will be published on Monday, 22 June. ...
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.