High Wheat Production and Procurement in India Indian farmers in the western states -- Gujarat, Rajasthan, Maharashtra and central India (Madhya Pradesh) -- have begun harvesting the largest wheat crop in history, about 88.31 MMT. Millers in these regions have started procuring grain as per their requirements. The minimum support price (MSP) for new crop wheat has been set at 12,850 rupees (USD 257) per MT. Punjab is eyeing production at 16.7 MMT and Haryana is targeting 11.8 MMT of wheat. The Food Corporation of India (FCI) is looking to obtain 11.5 MMT of wheat in Punjab this year, compared to 10.95 MMT procured last year; in Haryana, FCI has set a target of 7 MMT.With more than 230 million undernourished people in India, the country h...
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.