There have been mixed reactions in India regarding the finalization of the 12-nation Trans-Pacific Partnership (TPP) agreement. While it is still to be ratified by the parties to the pact, many Indians are worried as the country still has a number of trade barriers via tariffs and is not providing market access. Lower Soy Production Estimates Lead to High Prices The production estimate for the 2015/16 kharif season soybean crop has been lowered by the Soybean Oil Processors Association (SPOA) to 8.643 MMT (harvested from 11.065 million hectares with an average yield of 781 kg/hectare). The government of India (GOI) initially forecast it at 11.83 MMT. SOPA had estimated the 2014/15 crop at 9 MMT. The carryover from that year’s production i...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.