Wheat Shortage Despite Huge Procurement India's wheat production for 2011/12, according to the July update from the government of India's (GOI) Ministry of Agriculture and Cooperation, is estimated at 93.9 MMT against the target of 84 MMT. Despite this number and a huge procurement, however, reports indicate that bulk consumers like flour millers and biscuit manufacturers are having trouble procuring wheat since the crop is unavailable in the open market.Punjab procured 12.9 MMT of wheat and Haryana 8.669 MMT, while traders could hardly get 5,000 MT of wheat. As of 1 August 2012, the two states had following stocks:Punjab and Haryana require over 0.17-0.18 MMT of wheat per month to fulfill flour requirements. With wheat being unavailable...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.