In response to an appeal for approval, a subcommittee of India's Genetic Engineering Appraisal Committee has issued its findings regarding the food safety, environmental safety, compliance etc. of GE mustard, and the report is now available for public comment. Temporary Measures to Control Sugar Prices Opening sugar stocks of 7.3 MMT, estimated production of 23.3 MMT and consumption of 26 MMT for sugar year 2016/17 will leave a mere 4.6 MMT in ending stocks. While India may not be in a position to export any sugar as a result, the Indian Sugar Manufacturers Association (ISMA) indicates there should be sufficient supplies for the first two months of the following year without requiring imports. This could be a precarious situat...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.