Cotton Imports to Surge on Lower Production; Prices Could Remain Depressed The Cotton Association of India (CAI) has now estimated cotton production in 2018/19 (October-September) at 33 million bales, down from last month’s estimate of 33.5 million bales as well as the government of India’s (GOI) estimate of 34.88 million bales for 2017/18. The balance sheet is expected to be tight, and the CAI expects imports to rise 80 percent from last year’s 1.5 million bales to 2.7 million bales percent. Indian cotton exports were estimated at 10 million bales until last month, but that has been downgraded to 5 million bales as China may not buy a signficant volume at this time. The total is expected to be 27.5 percent lower than la...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
Key Takeaways: An aging farmer population and fewer younger successors are creating growing farm succession challenges, leaving many operations without a clear future High land values and capital requirements create major barriers to farm ownership for new producers Farmland consolidation and...
What You Need to Know Today… Crush margins are set to pull back after their recent rallies, though U.S. markets will fare better than others. U.S. demand-led strength in soyoil pricing is a key driver of U.S. margin profitability and will remain so into mid-autumn. Soymeal prices are th...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.