World Perspectives
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India Subcontinent Regional Analysis

Stable Pulses Demand; Prices Remain Low India’s 2018/10 khariff pulses production is expected to reach 9.2 MMT, down slightly from 9.34 MMT in the previous season. With the rabi crops (sown in October/November and harvested in April) forecast at over 15 MMT, there will be suffient domestic production to meet India’s demand of 24 MMT. Prices should be high in when demand and supply are so balanced with imports thus restricted, but that is not the case. Chickpea is one of the major pulses, and while demand is good, it is produced in the rabi season. India produced 11.23 MMT in 2017/18, and there is certainly an oversupply. Its prices are curently 6.75 percent lower than the government of India’s (GOI”s) announded Min...

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May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

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The CBOT was mostly higher to end a mostly bearish week with wheat leading the way on several mildly bullish developments. Wheat futures saw price-supportive development in the IGC’s lower 2024/25 global ending stocks forecast, dryness in the U.S. Southern Plains, and smaller Russian 2024...

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May 24 Corn closed at $4.335/bushel, up $0.0675 from yesterday's close.  Jul 24 Wheat closed at $5.6675/bushel, up $0.1375 from yesterday's close.  May 24 Soybeans closed at $11.505/bushel, up $0.1625 from yesterday's close.  Jul 24 Soymeal closed at $343.2/short ton, up $5.8 fro...

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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.

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