The head of India’s soybean processing trade association said that the nation’s soybean harvest area will expand by 10 percent this year. India is the world’s largest consumer of vegetable oil and exported three times as much soymeal a decade ago until domestic demand started rising. Soybean production is expanding globally, and India only produces about 10 percent of world output, but the expansion in India has outpaced the rest of the world over the past few years. Even though India consumer more than 50 percent more palm oil than soyoil, demand for the former has been in decline while consumption of more expensive soyoil has been rising. It is unclear whether this dynamic will continue and may be highly dependent on th...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Wheat Rainfall across most of Argentina's agricultural regions during the past week slowed the pace of 2026/27 wheat planting. Even so, planting progress has reached 44.2 percent of the projected 6.5 million hectares, following a weekly advance of 11.8 percentage points. Fieldwork was concentra...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.