India Raises Minimum Price for Rapeseed Faced with farmers protesting low commodity prices, the government of India (GOI) yesterday boosted the minimum prices of winter crops, and that of rapeseed was raised 5 percent to 42,000 rupees/MT. At the current exchange rate of 73.1 rupees per USD, that equates to $574.48/MT, which is well above the world price. Prime Minister Narendra Modi’s Bharatiya Janata Party won India’s last presidential election with overwhelming support from farmers based on a promise to raise their incomes. As global commodity prices have fallen, however, they have become disillusioned with Modi and his party. This week the government had to use tear gas and water cannons to break up protests by an estimated...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.