India is importing corn for the first time in 16 years, limited for use by only actual end users. Non-GM is specified and is being sourced from Ukraine. However, some are not interested due to the pricing. Ukrainian Corn Imported for Actual Users; Domestic Prices Stumble It appears that India’s attempt to import corn after 16 years is going well. The final contract has been awarded to Daewoo International for 225,000 MT. The stipulated quantities were reduced for some ports as the actual users were not interested in buying due to the pricing. Meanwhile, domestic prices have started a downward trend since the good response to the tender.Because the imports were authorized specifically for actual users, the Directorate General of Foreign T...
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.