Lower corn production in India led to higher prices for end users in early October 2015, forcing starch plants to reduce capacity with poultry operators planning to do the same. The government's delayed action regarding imports has further impacted the situation. India’s Smaller Rapeseed-Mustard Crop Planting of the rabi crop continues at a slow pace and is covering a smaller area with 37.028 million hectares (mh) completed as of 4 December 2015 against 43.877 mh as of the same date a year ago. This shortfall is mainly due to poor soil moisture levels resulting from a weak monsoon as well as the delayed harvest of kharif crops such as rice and sugarcane in major production states (ex.: Uttar Pradesh and Madhya Pradesh).In India, mustard (...
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.