Wheat Export Possibility: Can the 10 MMT Mark Be Reached? The government of India (GOI) and its agencies are very much concerned about the huge wheat stocks in the country. The Commission of Agricultural Costs and Prices (CACP) believes that the country should be able to export 10 MMT of wheat and has advised GOI to aggressively push for exports of the crop. However, the trade is apprehensive if that 10 MMT target can be achieved under the current arrangement through which Public Sector Undertakings (PSUs) can export stocks from government agencies' stocks, while the private sector has to buy stocks from the market to export. If the private sector also is allowed to make purchases from the government's stock pools, things could chang...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
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.