India has decided to increase the blending rate of ethanol in gasoline to 22.5 percent. However, the big question pertains to how this ethanol will be sourced. Several factors prohibit the country from even reaching a 5 percent blend mandate in sugar year 2015/16. Pulses Prices to Rise as India Seeks Imports from Mozambique The government of India (GOI) is hopeful that the country’s farmers will grow more pulses, possibly as much as 20 MMT, as a result of the increased Minimum Support Prices (MSP) and higher demand. Smaller crops totaling 17.15 MMT in 2014/15 and 17.06 MMT in 2015/16 together with higher demand of 24 MMT led to the spike in prices, forcing the government to create a buffer stock of 110,000 MT. Separately, GOI has contrac...
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.