India's sugar industry is in dire straits and incurring huge losses. However, the government has created a Sugar Development Fund, and there will now be an incentive to export raw sugar as a new product. Variable Temperatures in North India Could Affect Crops The wheat in North India was sown during the period of October-November 2013. In Karnal, the hub of wheat production in Haryana, the temperature varied between 17–32°C in October and between 11.9–27.2°C in November before dropping to a range of 8-22°C in December. While North India had an extended rainfall in October that proved beneficial for the wheat crop, rains in December 2013 and January 2014 were followed by a dip in temperature that could affect the crops in that region. Advi...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.