Indian Soybean and Peanut Plantings Expected to Increase A combination of high prices for oilseeds and a sharp drop in cotton prices is expected to result in India's plantings of soybeans and peanuts (groundnuts) increasing by 7 percent and 10 percent, respectively, this year. That is the view of the executive directors of India's Solvent Extractors Association and the Soybean Processors Association. Last year India planted an estimated 10.3 million hectares of soybeans and 4.3 million hectares of peanuts.Earlier this month soybean futures in India reached a record price equivalent to $696/MT ($18.94/bushel). The futures price reached a record equivalent to $1,195/MT.USDA is forecasting Indian soybean production in 2012 at 11.4 MMT, up f...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.