India’s Rise The world’s largest democracy has refused to criticize or disengage from Russia’s autocratic regime. Prime Minister Narendra Modi is playing his country’s power card between Russia and the U.S. The Biden Administration will pour on a full-court press this year to win the competition. Biden and Modi will meet at this summer’s Quad (Australia, India, Japan, USA) meeting in Sydney, and at the G20 meeting in India. The White House is also working on an invitation for Modi to visit the U.S. The calculus is that India is now the most populace country, but also one of the poorest. It has a lower per capita GDP than Vietnam, Indonesia, or the Philippines. Russia supplies arms and oil to India, but...
Commodity markets – being composed primarily of human beings – reflect the impatience and forever forward-looking nature of humans. In the present case, this means that while the September WASDE offered some much-needed and much-desired updates, markets are now focused on that etern...
The Bureau of Labor Statistics (BLS) reported this morning that August’s rate of inflation was 0.4 percent, holding steady at 3.4 percent for the year. That matched analysts’ pre-report expectations and was even with July’s rate of 3.4 percent. For the year, food was up 2.7 pe...
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.