India's spot corn price has stabilized over the past few days in most markets, but today's average price was still lower than on 1 October. Meanwhile, demand seems to be catching up, although imports seem unlikely. Corn Prices Rising with Imports Unlikely As the rabi sowing season has started, the major problem facing farmers in coming months will be irrigation. According to the government of India (GOI), the 91 major reservoirs are only 51 percent full compared with 76 percent a year ago. The kharif crop failed in southern India because of the deficient monsoon, and the only hope for farmers is the northeast monsoon that has commenced in Tamil Nadu, Kerala, which may provide rains in Karnataka and Andhra Pradesh.The spot corn...
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.