USDA released its annual long-range projections for major U.S. crops earlier this week. While it does forecast a small boost in soybean yields, some life science company officials think they will increase by almost half in the next decade. USDA Projecting Little Growth in U.S. Soy Sector Over Next Decade USDA released its annual long-range projections for major U.S. crops earlier this week. While interesting, these forecasts are not very useful realistically because future weather as well as the evolution of global economics and governmental policies cannot be foreseen.With respect to the U.S. soybean sector, USDA is projecting very little growth over the next decade. It is forecasting planted area in 2025 will have 2.2 million fewer acre...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.