India Boosts Soybean Minimum Price by 33 Percent The government of India today announced big increases in the minimum price guaranteed to farmers for their 2012 crops. The increases were made to encourage production and protect farmers against increases in input costs.The government increased the guaranteed price for soybeans by 33 percent to 22,000 rupees/MT (about $10.75/bushel). It raised the minimum purchase price for corn by 20 percent to 11,750 rupees/MT (about 5.37/bu) and the minimum price for rice by 20 percent to $224.90/MT. The minimum price for cotton was boosted by 18 percent to 39,000 rupees/MT (about 701.69/MT).The minimum price increases were reportedly opposed by the food ministry, which fears the increases will drive up...
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.