Monsanto's withdrawal of its application to sell Bollgard II Roundup Ready Flex cottonseed in India is said to be due to a new government-proposed requirement. The company is apparently also upset about a pricing matter related to the older version. Monsanto Withdraws Application for New GM Cotton in India Monsanto has withdrawn its application to sell its Bollgard II Roundup Ready Flex cottonseed in India. Its local partner there, Maharashtra Hybrid Seeds Co Ltd. (Mahyco), wrote to the government to say that a proposal requiring Monsanto to share its technology with local companies was the main reason for the withdrawal. Monsanto is also upset that the government established a maximum selling price for an earlier version of the seed that...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.