India is facing a possible tight sugar supply situation with lower-than-expected production and higher-than-expected demand. India is considering import duties on sugar, wheat, and pulses to help... Duty on wheat and pulses imports possible In order to protect the Indian wheat growers, the government of India (GOI) is considering the imposition on 10 percent tariff on wheat imports. India is projecting record wheat production of 96.64 MMT in 2016/17. In December 2016, GOI reduced the duty on wheat imports to zero which made is possible for large scale imports of wheat from Australia, France, Ukraine and other countries. The new crop has started arriving in major producing states and, starting 1 April 2017, the procurement of wheat will al...
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
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.