Wheat Sowing Slow; Higher Prices Remain Stable The rabi wheat sowing has reached 11.066 million hectares thus far, down 12.41 percent from 12.635 million hectares at the same time last year. The government of India (GOI) had doubled the wheat import duty in early November (near the start of the new season) from 10 percent to 20 percent as a signal to farmers that they should produce more wheat and also to reduce the level of imports needed. However, it is possible that the planted area will be expanded this season. One reason being given for the current reduced coverage is the stubble issue. As farmers have not been able to remove the stubble from paddy quickly enough since burning has been banned, the sowing is slow and could remain so f...
What You Need to Know Today: The June jobs report showed nonfarm payrolls increased by 57k jobs, less than the 115k jobs expected by economists surveyed by Dow Jones. The labor force participation rate dropped by 0.3 percent to 61.5 percent, the lowest since March 2021, and the lowest in 50 ye...
Today was the deadline for announcing intentions regarding renewal of the U.S.-Mexico-Canada Agreement (USMCA); the U.S. will not renew the USMCA, according to U.S. Trade Representative Jamieson Greer. President Trump will instead pursue separate bilateral trade deals with Canada and Mexico las...
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevitably follows is what opportunities might emerge for U.S. agricultural exports. So, here’s a brief review of those opportunities, but n...
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.