The Government of India’s surprise demonetization of the Rupee has financial impacts rippling through the Indian economy, though commodity prices remain relatively isolated. Separately, India’s soybean meal exports have been picking up and small cereal crop production is falling due to farmer switching to cash crops. Indian currency demonetized; a move towards a cashless economy Late evening on 8 November, 2016, Prime Minister Narendra Modi made an announcement that shocked most Indians: notes of denominations of Rs.500 and Rs.1,000 would cease to be a legal tender from midnight. These notes, in the pockets and homes of so many would have to be brought to banks and exchanged for new notes. The currency had been demonetized which is the ac...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.