The overall sowing of pulses crops in India is down 33.74 percent as of 23 June versus a year ago. Farmers are facing challenging planting decisions as some spot prices are notably lower than the MSPs because of one critical factor. Pulses Sowing Down as Prices Drop Overproduction of pulses and increased supplies led to some prices dropping much below the 2016/17 Minimum Support Prices (MSPs), and the overall sowing of those crops was down 38 percent as of 16 June 2017 when the new MSPs were announced. As of 23 June, that sowing was 33.74 percent behind a year ago. Since peaking in early 2017, the prices of pulses have decreased drastically (see table below).The current price of pigeon pea, one of the main pulses now being sown for harves...
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...
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...
Let’s return briefly to the fake meat hype cycle, now sitting somewhere in a dusty corner of your mind, not entirely forgotten. What happened to all those products, known as plant-based alternative proteins? They were supposed to be as good as real meat—cheaper, more environmentally...
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.