GOI has issued a new seed price control order, effective March 2016, which aims to fix the sale price of cotton seed (with GM technology) as well as control the licensing fee. This is not limited to cotton, although that is currently the only GM crop in India. Vegetable Oil Prices Crash High rapeseed/mustard oil prices affected demand over the past few months, especially during the festival season in November 2015 through early December. That led consumers to use other oils, and the rapeseed/mustard oil prices have since been following a downward trend. The new rapeseed/mustard crop is expected in February/March 2016, and that will keep prices down despite its smaller planted area and the reduction in other oilseed plantings. In addition...
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.