The government of India (GOI) released the 2nd Agricultural Production Estimates for the 2015/16 crop on 15 February 2016, which includes the rabi season (April harvest). Despite low moisture levels for that crop and the drought conditions during the kharif season (October harvest), the food grain production forecasts are encouraging. 2015/16 Agricultural Production Estimates Exceed Expectations The government of India (GOI) released the 2nd Agricultural Production Estimates for the 2015/16 crop on 15 February 2016, which includes the rabi season (April harvest). Despite low moisture levels for that crop and the drought conditions during the kharif season (October harvest), the food grain production forecasts are encouraging at 253.16 MMT...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
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.