Corn Exports Unlikely Without More Signifcant Drop in Domestic Prices Domestic corn prices in the key rabi production center (Gulabbagh, Bihar) have continued to fall. The National Commodity and Derivatives Exchange (NCDEX) spot price is down and expected to move lower as harvest nears. Old stocks (harvested in April 2017) are currently being sold at a loss at $174-180/MT, similar to pricing last year, and local sellers are unable to recover the cost of storage as well. Although international corn prices have moved up (U.S. deliveries to Southeast Asia or SEA are close to $229-232/MT with South American origin at $220-225/MT and Ukrainian at $224/MT), India’s prices are currently $210-220/MT FOB East Coast and $235-250/MT delivered...
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...
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.