GOI Increases MSP The government of India (GOI) last week announced new minimum support prices (MSP) to jumpstart agricultural activity for the 2012/13 sowing season that began on 15 June 2012. GOI has tried to incentivize the production of oilseeds and pulses by bringing MSPs close to market prices. The MSP incentive for 2012/13 specifically has been given to corn, sorghum, pulses and oilseeds, and GOI has been encouraging farmers to produce non-staple, non-cereal crops for which there is demand. Overall, the price increases have been between 15.7 percent (paddy) to 53 percent (sorghum).However, higher MSPs also will increase the benchmark prices of commodities as well as fuel inflation. Food inflation is already at a high of 7.5 percen...
Russian Grain Markets: 12–16 October 2026 During the week in review, the Russian grain market began recovering after an extended decline driven largely by Black Sea logistics bottlenecks, a good crop and weaker global demand in traditional Russian markets. Russia is beginning to harvest c...
What You Need to Know Today: Corn and soybeans were under heavy selling pressure as weaker (or at least as-expected) export demand runs into an accelerating harvest pace with more grain available in the spot market. Corn and soybean harvest progress remains below average across the U.S., espec...
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.