GMO Cross-Contamination The European Union Court of Justice affirmed Italy’s ban on planting MON810 corn despite its approval at the EU-level. Italy could not cite public health or the environment for its prohibition since it has already passed these tests at the EU-level. Instead , the ruling relied on Rome’s insistence against cross-contamination in other food products. It is unclear what prevents MON810 corn from Spain crossing the border in the single market and causing the same issue? Africa’s Heartbeat – Kenya The presidential election in Kenya yesterday went peacefully but the winner to be decided in about a week will be consequential. Raila Odinga, a five-time past loser in the contest and a serial politic...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.