With the current threat of El Nino, which could curb monsoon rains and negatively impact India's agriculture, GOI is taking steps to move farmers away from cereal production to other crops requiring less water. This has potential implications for imports and global prices as well. GOI Raises MSP for Pulses; Famers May Increase Production While the monsoon has been in excess of 11 percent for the period of 1-17 June 2015, several reports indicate that the warming of the ocean is likely to increase the El Nino factor and cause subdued rains at times. This could have a large impact on Indian agriculture, and farmers are being advised to sow crops that would require less water. This is possibly one reason why the government of India (GO...
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.