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...
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.