The Indonesian government's director general of food crops indicates that imposition of a 10 percent tariff on soybeans is being considered as a way to encourage local production and boost self-sufficiency. Indian Soybean Crop Forecast to Decline 15.3 Percent The president of the central Organization for Oil Industry and Trade of India yesterday predicted that the country’s 2015 soybean crop will decline 15.3 percent to only 7.2 MMT. If realized, that would be India’s smallest soybean crop since 2005 when it produced 7 MMT. USDA currently is forecasting the crop at 11 MMT, but it is expected to sharply reduce that in the November WASDE. It estimates last year’s Indian soybean crop totaled 9 MMT. However, it appears Indian officials believ...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.