GOI's notification of a new ban on the trading of cattle for slaughter is impacting a number of sectors in addition to farmers' income. There has been opposition in several states, and one particular action has stalled the rule's implementation. Mustard Seed and Oil Prices Near Two-Year Lows Rapeseed-mustard is one of the main rabi oilseed crops. With higher production of 7.977 MMT in the 2016/17 crop year following 6.797 MMT in 2015/16, the prices have fallen to near a two-year low. At the start of the season on 1 April 2017, they were at a low of $615/MT against $672/MT on 3 April 2016. As the supplies grew, prices continued to fall and were below the 2015 level by the end of April. On 2 June 2017, the spot mustard seed price is $570/MT...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.