India Increases Support Prices In a politically motivated decision that is going to cost government of India more, the Cabinet Committee on Economic Affairs (CCEA) approved a hike in the Minimum Support Prices (MSP) of some key winter crops (see table below). The increase was recommended by the Ministry of Agriculture and the Commission for Agriculture Costs and Prices (CACP).The new rates become effective at the start of the new marketing year (April 2013) but already are informing farmers on what to plant in October/November for harvest in March/April 2013. While the (CACP) has opposed any increase in wheat MSP, the Ministry of Agriculture had proposed an increase of 8.94 percent in the wheat MSP to $259.25/MT against la...
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.