The Chinese government’s efforts to restrict canola imports from Australia and Canada may be of benefit to the EU if Ukrainian rapeseed exports decrease as forecast. South American Soybean Crop Forecast Increased Lanworth, a subsidiary of Thomson Reuters, yesterday raised its forecasts for soybean production in South America and now projects Brazil’s soybean crop at 104 MMT, an increase of 300,000 MT. It is boosting Argentina’s to 61 MMT with a range of 56.7-64.3 MMT and Paraguay’s to a record 9.7 MMT with a range of 9-10.3 MMT.FC Stone also increased its forecast yesterday for the 2016 Brazilian soybean crop from 98 MMT to 98.6 MMT. Informa raised its projection for that crop as well from 100.5 MMT to 101.3 MMT. However, it lowered its f...
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.