Indian Monsoon May Not Be Enough Despite the fact that the monsoon rain deficit is declining due to its a late resurgence (it is now at 9 percent), it may not mean that food production will be adequate. There are still areas in the country where the deficit remains, and the uneven distribution could be the main cause of lower food output for the kharif season (October harvest). The share of agriculture in India's GDP has been declining in the past few years from a 19 percent contribution in 2004/05 to 14 percent in 2011/2012. The year 2012/13 could see a further drop due to deficit rainfall.Areas that are still deficient in rainfall as of 9 September 2012 include parts of Gujarat, Maharashtra, Karnataka, East and West Uttar Pradesh, Biha...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.