High prices of pulses, the main vegetable protein for Indians, have led to higher wholesale and retail inflation. This has prompted GOI to enact certain measures to address this problem. Dry Weather Conditions to Impact Corn and Soybean Production As India’s monsoon is starting to retreat, it appears that the accompanying rains are currently 5 percent deficit. An Indian Meteorological Department (IMD) report suggests that the rainfall in September, the last 30 days of the four-month rainy season, could be 15 percent deficient as the La Nina weather system did not develop. The dry weather conditions could decrease the yields of kharif crops that are at maturity and will soon be ready for harvest. Low soil moisture could also impact the sow...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.