The U.S. has complained that India has underreported to the WTO on its wheat and rice subsidies, which involve the largest crops receiving support. However, the largest annual increases in the market support price (MSP) are going to soybeans and then maize. As previously noted, India’s soybean area expansion has been outpacing the rest of the world, no doubt encouraged by an MSP that jumped from Rs1440 crore/MT to Rs 3880 crore/MT between 2010 and 2021. The subsidy for maize grew the second fastest and India is now exporting a lot of corn into Southeast Asia. India’s new farm policy seeks to make the system more market oriented by allowing farmers to sell anywhere in the country instead of being restricted to the local ma...
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
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.