Rainfall 26 Percent Below Normal in India's Key Soybean Area Information released today by the India Meteorological Department indicated that the cumulative rainfall thus far in this monsoon season is 26 percent below normal in the key soybean growing region of central India. That is worse than last week, when rainfall through 11 July was only 22 percent below normal. The region includes the key soybean state of Madhya Pradesh. Rainfall in the eastern half of Madhya Pradesh thus far is 17 percent below normal, while it is 29 percent below normal in the western half of the state.Cumulative rainfall thus far during the current monsoon in northwestern India, which includes the key peanut producing state of Gujarat, is 39 percent below norma...
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
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.