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Indian Subcontinent Regional Analysis

Sugar Prices Improve on GOI Intervention It seems that the government of India (GOI) has finally heeded the sugar industry’s demand and will create a buffer stock. With the Indian Sugar Manufacturers Association now boosting its sugar production forecast to 32 MMT, 2018/19 opening stocks are projected to be over 10.8 MMT versus the 8.3 MMT estimated in the first week of April (Click here). Exports are not expected to be more than 0.2-0.3 MMT as domestic sugar prices are much higher. 2018/19 sugar production will also likely be high as it is cyclical, and this will lead to further pressure on prices as the ending stocks will further rise. GOI is formulating a plan to safeguard the sector so that as sugar prices move up, the industry...

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feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7...

FOB Prices and Freight Rate App (Updated 30 Mar.)

Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...

feed-grains soy-oilseeds wheat

Market Commentary: Calm Before the Reports

All the major contracts opened in the green but by the close only soymeal, HRW, and the livestock complex remained that way. Profit-taking was one aspect but most noticeable was lower volume for most of the markets, and a narrow trading range for many. It appeared that everything was positioned...

feed-grains soy-oilseeds wheat

Summary of Futures

May 23 Corn closed at $6.495/bushel, down $0.01 from yesterday's close.  May 23 Wheat closed at $6.9225/bushel, down $0.125 from yesterday's close.  May 23 Soybeans closed at $14.745/bushel, down $0.0275 from yesterday's close.  May 23 Soymeal closed at $459.9/short ton, up $1.7...

FOB Prices and Freight Rate App (Updated 30 Mar.)

Ocean Freight Comments - 30 March 2023 By Jay O'Neil Commodity Consulting Dry-bulk ocean freight markets were fairly quiet and dull this week and moved mostly sideways. Vessel owners continue to look for improved cargo demand, and finding none, must settle for holding rates steady and not losin...

feed-grains soy-oilseeds wheat

Export Sales

  Export Sales and Shipments for the period March 17-23, 2023  Wheat:  Net sales of 151,700 metric tons (MT) for 2022/2023 were up 21 percent from the previous week, but down 40 percent from the prior 4-week average. Export shipments of 377,500 MT were up 4 percent from the previ...

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Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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