The overall sowing of pulses crops in India is down 33.74 percent as of 23 June versus a year ago. Farmers are facing challenging planting decisions as some spot prices are notably lower than the MSPs because of one critical factor. Pulses Sowing Down as Prices Drop Overproduction of pulses and increased supplies led to some prices dropping much below the 2016/17 Minimum Support Prices (MSPs), and the overall sowing of those crops was down 38 percent as of 16 June 2017 when the new MSPs were announced. As of 23 June, that sowing was 33.74 percent behind a year ago. Since peaking in early 2017, the prices of pulses have decreased drastically (see table below).The current price of pigeon pea, one of the main pulses now being sown for harves...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
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.