Dry Weather Reducing India’s Oilseed Production There were expectations earlier this year that India would produce a significantly larger oilseed crop. However, poor rainfall late in the growing season has made it clear that production of soybeans, peanuts and other crops will be lower than projected. The country’s Solvent Extractors Association (SEA) is now forecasting India’s peanut (groundnut) crop will total about 3.735 MMT at most, down 29 percent from 5.275 MMT last year. USDA is currently forecasting the crop at 4.7 MMT but will likely reduce that number in November. India’s soybean production for this year is now estimated at 9.5 MMT, down from earlier forecasts of 10.5 MMT. It has been particularly impact...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.