Pest-Damaged Crop and No Imports Driving Corn Prices After the spot market price of corn in India touched $255/MT in early December 2018, the end user industry (starch and poultry) asked the government of India (GOI) to allow imports. Prices continued to rise at that time, reaching $266/MT at one location and then a high of $278/MT. It has now been over a month, and corn is being delivered to end users in most locations at $283-284/MT, which is a record. It appears that these prices will rise further as there is no possibility of imports unless GOI announces a tariff rate quota (TRQ) for corn. (It should be noted that India does not allow GM corn production and/or imports.) Interestingly, the prices of alternate grains that could be used i...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.