The sowing of some key commodities is down, and the major crops affected include pulses, coarse cereals and corn. There are two reasons for this, and it will be difficult at this point to expand the planted areas. Sowing Lags; Rain Shortfall Affects Key Commodities Two reasons why the sowing of some key commodities is lagging are the lower prices last season and less rainfall over the crop areas. The major crops affected include pulses like pigeon pea (arhar), down 18.68 percent against last year; coarse cereals such as sorghum, down 12.31 percent; corn, down 6.38 percent; and finger millet, down 35.57 percent. The sowing of oilseed crops is also behind by 9.85 percent, and those most impacted are peanuts, down 13.12 percent; soybeans, do...
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
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.