India May Raise Vegoil Import Tariffs and Subsidize Soymeal Exports The government of India (GOI) is under a great deal of pressure from farmers to do something to raise domestic commodity prices. In the case of soybeans and rapeseed, those prices have fallen well below the government-set Minimum Support Prices (MSPs). It now appears the Indian government is considering two actions in response. The first is to increase the import duties on crude and refined vegoils by 10 percent to 25 percent and 35 percent, respectively. GOI had previously raised them in August from 7.5 percent to 15 percent for crude vegoil and 15 percent to 25 percent for refined vegoil. However, that was insufficient to boost domestic oilseed prices. The second is to...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.