The market yard corn price in Bihar has been declining after the recent harvest there. Demand has also been low from the poultry sector as a result of the high bird mortality rate in southern India. However, prices will need to drop further if India hopes to export any corn in 2015/16. Farmers' Corn Prices Down as Futures Prices Move Up Following the recent harvest in the state of Bihar, the market yard corn price there has been declining. It has slumped to $161/MT from last week's $181/MT, a decrease of almost 11 percent. Spot corn prices at the NCDEX warehouse dropped only $2/MT. One of the reasons for the price decline is low demand from the poultry sector due to the high bird mortality rate in south India where approximately 7 million...
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.