It is the end of the corn season, and India does not have any surplus of stocks despite farmers increasing the planted area in response to market developments. Prices would typically move up, but there is a factor preventing that. Plentiful Pulses, Lower Prices A good monsoon season and higher Minimum Support Price (MSP) for pulses have led farmers to plant more area under that crop. While this may bring down overall prices for consumers and the government can take credit for keeping inflation low, the losers would be those farmers who will have to sell pulses at the open market price. Furthermore, the state government may not purchase all pulses at the MSP. This is an issue of market dynamis as the farmers respond to high market pr...
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.