After being stable until the third week of December 2016, sugar prices are moving up faster than expected in this current sugar season as there is higher demand from institutions. However, there are also a few other factors that are having an impact. Higher Per Capita Income and Lower GDP Growth Expected The Central Statistics Office’s (CSO’s) first official estimate of per capita income for 2016/17 indicates there will be a 10.32 percent increase to $1,503 versus $1362 in 2015/16. However, India’s gross domestic product (GDP) growth projection has been revised by many agencies and is now expected to be in the range of 6.7–7.1 percent, a drop from 7.6 percent in 2015/16. This reflects the current downtrend in consumption and does not take...
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...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
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.