The Indian Meteorological Department (IMD) has suggested that it is too early to predict the monsoon pattern and El Niño's effect, but it has also issued warnings and advisories to farmers. Indian Monsoon and the El Niño Factor According to several meteorological agency reports from sources such as Australia and Japan, chances exceed 70 percent that an El Niño weather phenomenon will develop in 2014. The impact could be devastating in India as 60 percent of the land is rain-fed. Over just the past decade, India has had three drought years: 2002, 2004 and 2009. While the country harvests grains twice a year and the production is evenly divided, its monsoon season generally runs May-September with enough soil moisture and water left in res...
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
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.