While India has been challenged over its recently enacted Food Security Act that is viewed by developed nations as a violation of the WTO Bali agreement, some member countries have also raised the issue of the export subsidy paid by GOI to the sugar sector. Domestic Wheat Sales to Maintain Low Prices India produced 95.85 MMT of wheat for 2013/14 with 23 MMT of that procured by the Food Corporation of India (FCI) and the state agencies in the key production states of Punjab, Haryana, Madhya Pradesh and Uttar Pradesh. Until last year, the government of India (GOI) would decide to export surplus stocks at a pre-determined price via the Public State Undertakings (PSU) and State Trading Enterprises (STE), which would eventually transfer the co...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.