A growing population, the affordability of vegetable oil and its increased usage in Indian households have all contributed to rising oil demand. Domestic supplies are down, though, due to lower oilseed production, which benefits such countries as Argentina, Brazil and the U.S. India's 3rd Production Estimates Indicate Lower Food Grain Production The government of India (GOI) has released the 3rd Advance Estimates of Production of Major Crops for 2014/15. Kharif crop production during this period was down as the monsoon was 12 percent lower than average. Unseasonal rains/hailstorms in late February and March 2015 also damaged a significant amount of India's crops over 19 million hectares, causing a decline in most of the 2014/15 production...
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.