Indian Government Urged to Raise Soybean Price Guarantee An advisory panel to the Indian government is urging the government to raise the guaranteed price paid to farmers for several crops, including soybeans. Specifically, it has urged the minimum price for soybeans be increased by 33 percent and the minimum for peanuts (groundnuts) to be increased by 37 percent. It also wants the guaranteed price for rice and pulses raised by 15.7 percent and 25-30 percent, respectively.The advisory panel says the higher price guarantees are needed because of rising production costs. In the past the government has followed the advice of the advisory panel, but there is no certainty it will do so this year because the government is concerned that consum...
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
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.