Slumping Corn Prices, but No Export Feasibility Huge corn arrivals in the market yard have led to a seasonal slump in prices, which is a seasonal trend. Maharashtra has produced at higher crop, and Jalgaon (JLG) is a good market. Corn prices at the market yard are close to $182/MT, below the 2017/18 Minimum Support Price (MSP) of Rs.14,250/MT ($220/MT). In other locations such as NIzamabad (NZM) in Telangana, the arrivals have ended. Prices are higher there at $210/MT as late rains have also caused some damage. A few farmers are willing to bring stocks from Maharashtra to trade in Nizamabad for a better price. The traders and stockists are not willing to enter the market as yet, though, so there is no bulk buying. Only the end users are bu...
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.