While India's 2014/15 wheat production is expected to exceed last year's, its areas under pulses and oilseeds have been reduced. This is expected to have far-reaching implications domestically as well as with international trade. India's Wheat Export Potential As of 1 January 2015, India had a wheat carryover of 25.1 MMT, almost triple the government of India's (GOI's) target for that date. GOI had stipulated 8.2 MMT for buffer stocks and 3 MMT. The 2014/15 crop is expected to reach 100 MMT with an average yield of 3.2 MT/hectare despite a slight decrease in the area under wheat. Last year's production was estimated at 95.9 MMT from 29.43 million hectares. Weather conditions have been good with the rains in January helping the crop. India...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.