Increased Corn Area; Prices Stable but High The 2017/18 rabi (summer crop) corn area, which will be harvested in March-April 2018, totaled 1.5739 million hectares as of 19 January. While that is marginally higher than the 1.535 million hectares of a year ago, it is slightly lower than the seaon’s normal 1.5797 million hectares. The area was reduced in the states of Bihar, Gujarat and Maharashtra, but it was increased in Andhra Pradesh, Chattisgarh, Jharkhand, Karnataka, Orissa, Tamil Nadu, Uttar Pradesh and West Bengal. The 2016/17 rabi corn crop in Maharastra was sown on 0.2691 million hectares, but that dropped to 0.1902 million hectares this year as farmers shifted to chickpeas. The overall crop condition is viewed as very good in...
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...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
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...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.