World Perspectives
wheat softs

Indian Subcontinent Regional Analysis

India's wheat prices dropped at the start of this year's harvest, gradually increased and then stabilized at about Rs.17,000/MT ($250/MT) at the spot market. However, there is now a concern regarding the crop. Stable Wheat Prices; Disease Affects Crop in West Bengal India’s 2016/17 rabi wheat harvest is estimated at 96.6 MMT, but USDA has projected it to be 95 MMT as growing conditions are not optimal. The temperature has dropped since mid-February and not been very high during the day. As a result, Indian scientists and agronomists believe that it will be a good harvest this season. One reason suggested for USDA’s smaller forecast is the variability in temperatures during early February. At the time, they shot up during the daytime, whic...

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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.

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