GOI released the second Agricultural Production Advance Estimates this week, which indicated an approximate 8.11 percent increase in farm output versus last year. Despite high production, though, corn exports are not currently possible because of one critical factor. India’s Second Agricultural Production Estimates Indicate New Records The government of India (GOI) released the second Agricultural Production Advance Estimates this week, which indicated an approximate 8.11 percent increase in farm output versus last year as a result of good rains during the kharif season. According to government data, 100.7 percent of the target has been achieved. 2016/17 food grain production is now estimated at 271.98 MMT versus the set goal of 270.1 MMT...
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.