As India's domestic corn price remains higher than those on the world market, the country's 2016/17 corn tariff-rate quota (TRQ) of 500,000 MT was announced this week. However, one specific requirement limits the source to just one origin. Cotton Production Down in India Following the white fly attack on cotton in 2015/16, several farmers decided to plant other crops this year (2016/17) as that crop’s production in Punjab fell to 0.9 million bales from the average 1.2 million bales. The cotton there had been sown on 0.45 million hectares last year, but that area has dropped about 43.11 percent in 2016/17. There is a similar situation in Haryana where the corn area has decreased 13.8 percent from 0.58 million hectares in 2015/16 to 0.5 mil...
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.