The Brazilian Association of Vegetable Oil Industries (ABIOVE) said its members have not yet secured agreement with Monsanto on a royalty collection procedure for the company's Intacta soybean event, although the company says it has reached an accord with 430 companies to receive and market the biotech bean. India's Oilseed Planted Area to be Lowest in 12 Years Reports out of India this week indicate the country's area planted to oilseeds (soybeans, peanuts and sunseed) this year likely will fall to only about 15–16 million hectares as a result of the delayed monsoon. That would be the smallest area since 14.4 million hectares in 2002. Last year India planted about 19.8 million hectares of the three oilseeds. The area planted to soybeans...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.