The Indian government is likely to implement an import tax of 20 percent on wheat, making it more cost effective to transport wheat across India than import it. Elsewhere, pulse prices are lower than the stated support price, necessitating government intervention. Monsoon season over; rains 5 percent below normal India’s four-month monsoon season officially ended on 30 September 2017. Overall, it was a good monsoon with rains reaching 5.2 percent below the long-term average (LTA), with the deficiency showing up in the second half of the season. It was, however, a patchy monsoon. The first half of the monsoon gave only deficient rains in the southern belt (Karnataka, Tamil Nadu and Kerala) and a turnaround was seen in the second half, fina...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.