Higher Import Duty Helps Boost Oilseed Prices The increase in the import duty on vegetable oils, which the government of India (GOI) imposed in mid-November 2017 as farmers complained that oilseed prices were below the Minimum Support Prices (MSPs), appears to be having the desired results. The prices of oilseeds, primarily soy and rapeseed mustard, have increased as have those of the oils. Rapeseed mustard oil prices jumped 6.3 percent within 15 days as soyoil rose about 5 percent in seven days, and both then stabilized at those levels.
Meanwhile, soybean seed prices increased 11 percent and continue to move up, and farmers are received more money for their stocks. They also stopped bringing the seeds to market, and the tight supply...
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...
