While India's 2014/15 wheat production is expected to exceed last year's, its areas under pulses and oilseeds have been reduced. This is expected to have far-reaching implications domestically as well as with international trade. India's Wheat Export Potential As of 1 January 2015, India had a wheat carryover of 25.1 MMT, almost triple the government of India's (GOI's) target for that date. GOI had stipulated 8.2 MMT for buffer stocks and 3 MMT. The 2014/15 crop is expected to reach 100 MMT with an average yield of 3.2 MT/hectare despite a slight decrease in the area under wheat. Last year's production was estimated at 95.9 MMT from 29.43 million hectares. Weather conditions have been good with the rains in January helping the crop. India...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.