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wheat farm-inputs softs

Indian Subcontinent Regional Analysis

India Wheat Export Value Reduced – Local Prices Higher As the sowing season for wheat neared, GOI increased the Minimum Support Price of wheat to 14000 rupees ($225)/MT. The export price (benchmark FOB basis of GOI stocks) was set for some time at $300/MT and there were no bids. The trade's opinion was that a price of $260-270/MT was more realistic and, based on the market feelers, GOI reduced the export price by $40/MT to $260/MT this week. The State Trading Enterprises (STE), such as the State Trading Corporation (STC), Mineral and Metals Trading Corporation (MMTC) and PEC Limited, last floated tenders for export of 0.16 MMT and had received bids varying from $260–267/MT. There is ample wheat available in the international market and...

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Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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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.

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