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Oilseed Highlights

Indian Soybean and Peanut Plantings Expected to Increase A combination of high prices for oilseeds and a sharp drop in cotton prices is expected to result in India's plantings of soybeans and peanuts (groundnuts) increasing by 7 percent and 10 percent, respectively, this year. That is the view of the executive directors of India's Solvent Extractors Association and the Soybean Processors Association. Last year India planted an estimated 10.3 million hectares of soybeans and 4.3 million hectares of peanuts.Earlier this month soybean futures in India reached a record price equivalent to $696/MT ($18.94/bushel). The futures price reached a record equivalent to $1,195/MT.USDA is forecasting Indian soybean production in 2012 at 11.4 MMT, up f...

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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.

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