Corn prices continued to be down during the first few weeks of the harvest in Bihar, but they have been moving up as demand increased once industries realized that the shortfall is going to remain. Meanwhile, there are a few who want corn to be brought under the Essential Commodities Act (ECA), wherein stock limits can be set. Sugar Sector under Threat High sugar prices drove retail inflation up to 5.39 percent in April 2016 versus 4.83 percent in the previous month.Consumer food price inflation increased to 6.32 percent compared with 5.21 percent in March as prices of pulses and sugar rose. To discourage hoarding of sugar and curb the rise in its prices, the food ministry has restricted the volume that a dealer or trader can hold to 500...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.