Although GOI provided an incentive to ethanol manufacturers and an exemption from the 12.36 percent excise duty, the availability of cost-effective molasses, required for production, needs to be addressed. The issue of other taxes also leaves the OMCs uninterested in blending. India's Agricultural Exports Decline; Feasibility of Imports India's corn exports are down to 600,000 MT from 1.4 MMT at this time a year ago and were estimated by the trade to be 10,000 MT at maximum in April. Oil meal exports for that month were down to 162,000 MT from 187,360 in March and 248,445 MT in April 2014, decreases of 13.5 percent and 34.79 percent, respectively. Soymeal exports were a mere 18,017 MT last month compared with 89,883 MT a year ago, a 79.95...
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
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.