Non-GM canola seed has been introduced in India by private seed companies. In 2013/14 40,000 acres of land was put under canola seed in Northern India, a figure that is expected to increase to 100,000 aces in 2014/15. India corn prices move lower The fall in corn futures prices in India could be attributed to the drop in futures in the U.S. (CBOT). However, the spot prices in India are not falling as drastically, though there is pressure from the domestic supplies as exports are negligible at this point for corn. Bangladesh is buying a small quantity of corn at $237/MT delivered to feed mills in the Dhaka area, and the FOB prices of Indian corn to east coast ports is $235/MT.GOI and the state agencies have purchased corn at Minimum Suppor...
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.