The corn price for delivery to a starch plant in Gujarat is currently $226/MT, and availability is poor. While starch manufacturers could ensure receipt of stocks by raising that price, this would increase the benchmark price. This and another possible development could return India to the import market. Soybean and Soymeal Prices Are Down As demand for plant proteins remains stable in India and there is no major buying pressure, soybean and soymeal prices have continued to drop in line with the global downward trend. Soybean prices moved up in late December 2016 and reached $452/MT at the beginning of 2017 before then reversing direction, leading to heavy buying. Another upsurge occurred in the second week of January 2017, which peaked a...
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.