Corn has been a golden grain for the farmers in most states, but lower prices during harvest and higher ones for other crops may induce them to shift to more lucrative choices. Meanwhile, growth in two sectors is expected to create higher demand. Looming Drought-Like Situation Returns to South India India’s overall monsoonal rains are 2 percent above average as of 21 July, but parts of the southern peninsula have not received enough. South interior Karnataka has a deficit (25 percent) as do some major corn-growing areas such as Haveri, Dharwad, Raichur and Hassan (26-50 percent). Even those parts receiving somewhat better rains have deficincies, including Dakshin Kannada (19 percent), Davangere, (17 percent), Shimoga (13 percent), Chitrad...
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
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.