Indian Corn Exports An ample amount of grain, especially wheat, barley and corn, combined with slow consumption by both the domestic industry and neighboring countries like Bangladesh, has led to lower corn prices. The depreciating rupee has further improved exports from India this marketing year (October 2011 – September 2012).According to Global Trade Atlas (based on data from the Ministry of Commerce), corn exports from India for MY 2010/11 amounted to 3.346 MMT, of which Indonesia purchased 0.868 MMT; Malaysia, 0.657 MMT; Vietnam, 0.592 MMT; and Bangladesh, 0.569 MMT. In MY 2011/12, however, Bangladesh was not a buyer; hence, prices in Bihar -- a major corn producing state -- fell drastically during the March harvest. The state is ex...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.