The recent weather patterns in India have affected the rabi corn harvest and the wheat crop. As a result, there are far-reaching implications domestically in terms of usage and financial considerations as well as for trade. Storms Damage India's Corn Crop India's corn end users wait each year for the rabi crop, possibly the most crucial production for their needs. The corn is harvested in April in a few states such as Bihar, parts of Andhra Pradesh, Tamil Nadu and Uttar Pradesh. However, it seems unseasonal rains have taken a toll on the crop. The government of India (GOI) released an estimate 18 February 2015 that projected the production total at 6.51 MMT. Based on the trade numbers emerging now, though, it could be at most 5 MMT or les...
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.