Wheat Export Possibility: Can the 10 MMT Mark Be Reached? The government of India (GOI) and its agencies are very much concerned about the huge wheat stocks in the country. The Commission of Agricultural Costs and Prices (CACP) believes that the country should be able to export 10 MMT of wheat and has advised GOI to aggressively push for exports of the crop. However, the trade is apprehensive if that 10 MMT target can be achieved under the current arrangement through which Public Sector Undertakings (PSUs) can export stocks from government agencies' stocks, while the private sector has to buy stocks from the market to export. If the private sector also is allowed to make purchases from the government's stock pools, things could chang...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
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.