Rupee Nose Dives; Economy in Critical Condition The declining value of the rupee is having an apparent effect on the economy. It has lost 20 percent of its value in a six-month period, touching an all-time low of 65.56 rupees against $1. Experts believe 67 rupees against $1 is not far if things do not stabilize. The worst would be 70 rupees against $1. This rupee collapse has dashed all hopes for the Indian Public Sector Undertakings (PSU) to rake in an estimated $6 billion from the stake sales that had been expected to help bring down the current account deficit. The sale has been deferred until the market stabilizes.Inflation is also affected by the devalued rupee and it will be high in spite of the good monsoon. The government of In...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.