With India's planted corn area down and production expected to be impacted by the effects of flooding and drought, several factors could limit any imports to meet demand. India’s Vegetable Oil Demand Rises; Shares of Traditional Oils Drop India’s edible oil imports in oil year 2016/17 (November-October) will likely reach 15MMT. They were at 1.336 MMT in August 2017, down from 1.489 MMT the previous month but higher than the 1.248 MMT in August 2016. They totaled 12.749 MMT during November 2016-August 2017, up from 12.165 during the same period a year ago, and another 2.3 MMT are expected in the remaining two months of the current oil year.From 2001/02 to 2015/16, vegoil consumption has risen from 10.125 MMT to 21.35 MMT or 7.39 percent pe...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.