India is likely to produce 263.2 MMT of food grains in 2013/14. This is greater than the target of 259 MMT established by the agriculture ministry in September 2013 and the 257.13 MMT produced last year. Food Grains Production–Second Estimates India is likely to produce 263.2 MMT of food grains in 2013/14, which includes the khariff already harvested and the rabi crops currently in the field. This is greater than the target of 259 MMT established by the agriculture ministry in September 2013 and the 257.13 MMT produced last year. Rice production is expected to be 106.19 MMT and wheat production should reach 95.60 MMT, a record level but lower than earlier estimates of 98-100 MMT. Corn is also forecasted to have a record production of 23.2...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.