Call to Restrict Indian Meal Exports India's poultry industry has asked the government to impose a ban on exports of soymeal in order to lower prices. The price of soymeal in India has increased by 75 percent in a month, according to The Hindu Business Line newspaper. The big increase in soymeal prices has been driven by a sharp increase in Indian soymeal sales to Iran. Because of the international sanctions on Iran, Iran has turned to India to source soymeal under terms allowing buyers to pay rupees for the meal and Indian soymeal exporters are able to sell the meal to Iran at prices well above world prices. The rupees are earned by Iran through petroleum sales to India.In addition, traders are amassing stockpiles of soymeal in anticipa...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.