India Raises Minimum Support Price for Oilseeds and Other Crops The government of India (GOI)yesterday announced new higher minimum support prices (MSPs) for soybeans and other crops. The increases averaged about 25 percent versus only 3-4 percent in past years. Because of upcoming elections in several key agricultural states, President Narendra Modi needs the support of farmers, and raising their incomes is key to gaining that. The MSP for soybeans is now 33,900 rupees/MT ($496.03/MT) , up from 30,500 rupees/MT, with that for sunflower seed and peanuts raised from 41,000 rupees/MT to 53,880 rupees/MT ($785.19/MT) and 44,500 rupees/MT to 48,900 rupees/MT ($712.62/MT), respectively. The greater percentage hike for sunflower seed was most l...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.