The Dicamba soybean is the latest (and hoped to be the next greatest) soybean seed/chemical combination, resistant to the broadleaf killer of the same name. However, an issue has developed.Dicamba is a broadleaf killer, and the Dicamba soybean is the latest (and hoped to be the next greatest) soybean seed/chemical combination; the Monsanto brand name is Extend. Dicamba-resistant soybeans were expected to replace Roundup Ready soybeans because of developing resistance to glyphosate (trade name Roundup). The idea of course is that broadleaf weeds in the soybean crop can be easily and cleanly controlled by using either Roundup Ready soybeans or the new Dicamba variety.Dicamba has been around for decades and has been used primarily as a pre-eme...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.