Under normal circumstances, India's chickpea prices tend to move lower as arrivals peak. Contrary to that, though, NCDEX spot prices in New Delhi are up 18.61 percent and were at a peak on 18 April 2016 as well as 20.96 percent higher than the start of the season. Protein Demand for Pulses Boosts Prices India consumes more pulses/lentils than any other country, evidenced by the supply/demand gap of over 6.5 MMT as well as higher prices of pulses that increased 37 percent in February alone compared with wholesale prices that fell for the 17th month in a row in March. While the market arrivals of some pulses may have increased, those of chickpeas (aka bengal gram) have been slow. The government of India’s (GOI’s) 2nd Advance Estimates for P...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.