Wheat prices have softened quite a bit in the past five weeks as imports have been good. While there has been no official announcement yet, it is being speculated that the government of India (GOI) might impose a 25 percent tariff on wheat imports as of 1 April for two reasons. Wheat Prices Soften; Deliveries Start in Central and West India Wheat prices have softened quite a bit in the past five weeks as imports have been good, possibly totaling 5 MMT by the end of March. Another reason is the ag ministry’s forecast of a bumper crop of 96.64 MMT in 2016/17 against the 2015/16 estimate of 92.29 MMT. The average trade estimate for last year’s wheat production was 87 MMT. February 2017 was the hottest month since 2007, and this could affect...
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...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
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.