Second Advance Production Estimates Project Record Food Grain Production The government of India (GOI) released the Second Advanced Estimates for Agricultural Production on 27 February 2018, which projected the country’s total food grain production in 2017/18 at 277.49 MMT, 2.94 MMT more than the fixed target and up from 275.11 MMT in 2016/17.
As stated by the government, the increased production is the result of a near normal monsoon in 2017/18 as well as the implementation of its programs, including the higher Minimum Support Price (MSP) that was announced. Within the pulses production (see table above), gram (chickpea) production is estimated at 11.10 MMT, up 18.33 percent from 9.38 MMT in 2016/17, and urad (black lentil) prod...
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...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
