Increased MSP to Boost Planting and Inflation Increased monsoon activity ensured that farmers planted their crops in time. The government had raised the minimum support prices (MSP) for various crops in time for farmers to determine which crops to grow. The decision was made during a Cabinet Committee on Economic Affairs (CCEA) meeting 28 June 2013, and supposedly has boosted the sowing of paddy, corn, pearl millet and oilseeds such as soybeans and pulses. The prices will be effective 1 October 2013 for the marketing season 2013/14.Demand and average prices for these commodities are high. The government of India (GOI) has raised the prices close to the market benchmark prices for some of the crops, such as corn and pearl millet as w...
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.