Effects of Excess Rainfall Per the Indian Meteorological Department (IMD), the entire country received 106 percent of its Long Period Average (LPA) rainfall for the season (June-September). The seasonal LPA for central India was the highest at 123 percent. A maximum number of soybean crops are grown in this region (noted inside the red circle on the map below) and the excess rain has caused major damage to some areas.This has resulted in a limited quantity of pods that are also too small and immature. Central and eastern Madhya Pradesh are more affected than northern and western Madhya Pradesh. The trade has estimated the soybean crop at 11–12 MMT against the government of India (GOI) estimate of 15.46 MMT.Because of the damage, arriva...
Wow – what a week for freight markets. Things are changing incredibly rapidly as escalations in the U.S.-Iran war and the Ukraine-Russia conflict reshape global shipping risks and approaches beyond simple rate and insurance cost adjustments. Too, the Panama Canal has shifted its stance on...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
If Wednesday’s trade proved anything, it is that not every market is listening to the same headline. Renewed fighting between the U.S. and Iran sent crude oil sharply higher after Iran fired ballistic missiles at an American airbase in Jordan. President Trump promised a U.S. response, pus...
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.