India's corn production has declined for many reasons including erratic rains, late sowing in some cases and also the switch to soybeans by some farmers. Corn quality has deteriorated as well. Corn Purchased by Government as Farmer Production Negatively Impacted Recent reports suggest that the state and central governments are buying corn stocks in the state of Telangana with 164,000 MT purchased from various market yards. The corn quality is not good due to erratic rains, and the average number of grains per 100 grams (gm) is down to 450. Only a few samples tested at 360 grains/100 gm. Productivity has also declined 20-25 percent in both Telangana and the state of Karnataka. It has dropped to 1-1.5 MT/acre compared with 2-3 MT/acre...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.