World Perspectives
soy-oilseeds

Oilseed Highlights

The current marketing year is on track for the combined U.S. exports of soybeans, soymeal and soyoil to set a record. There is also an expectation that this year's U.S. soybean plantings will be over 80 million acres, which would mean a very high probability that U.S. farmers will produce a record soybean crop in 2014. China Sells 312,905 MT of Reserve Stock Soybeans The Chinese government today sold 312,905 MT of the 430,180 MT reserve stock soybeans it offered for sale. The volume included 179,849 MT sold in Inner Mongolia and 133,056 MT in Heilongjiang province. The average prices for the soybeans sold in Inner Mongolia were 4,123 yuan/MT for the 2010 crop and 4,023 yuan/MT for 2011 crop with only the latter sold in Heilongjiang provin...

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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.

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