Prior to GOI’s elimination of the import duty in early December, wheat prices had reached a high of $354/MT in the New Delhi spot market. They have eased considerably to $291/MT, but imports still remain feasible for one region. Domestic Sugar Prices Expected to Firm with No Change in Duties The expected rise in sugar prices over the next few months as a result of the sugarcane scarcity (see Ag Perspectives, 16 December) appears to be underway. In the last 15 days, they have climbed to $542/MT in Kolhapur, the key production belt in Maharashtra. That is a 2.74 percent increase from the peak of $533/MT in November 2016. Meanwhile, prices are much higher in Kolkata at $570/MT. As of 15 December, India’s sugar production totaled 5.329 MMT, a...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.