The spot corn price at Gulabbagh (Bihar) was down 3.21 percent and the new crop delivery price fell in Uttar Pradesh on news that PEC Limited had been alloted a 500,000 MT import quota. However, the availability of such a volume of non-GM corn is in question, spurring talk of allowing GM varieties instead. Two Factors Driving Up Mustard Seed and Oil Prices Due to declining arrivals in the market yards, the mustard seed price has been slowing rising, increasing 7.34 percent in one month to the current $715/MT. Because of this as well as high demand, the price for mustard oil has climbed 9.2 percent within the same period.Mustard oil has been the preferred cooking oil in many areas, including Gujarat, West Bengal, Haryana, Bihar and Orissa...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.