India's Corn Price Needs to Correct Indian corn is being offered for export to the Southeast Asia region at $255/MT FOB East Coast. Most of the stocks being offered at this point will be originated from Bihar, an eastern state that has been a good corn producer in the last year. While there are a few who are willing to buy at this price, others are waiting to see what happens. Arrivals have just started -- 300-500 MT have been arriving at the market yard on a daily basis -- and the pace will pick up next week. The current price at the market yard is $250/MT, delivery to the port will be close to $270/MT and the FOB price is at $280/MT. Prices have started to correct, as can be seen from the spot prices on the exchange. They are offered a...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.