Argentine Minister of Agriculture Ricardo Buryaile has signed a resolution aimed at stopping companies from collecting royalties on their patented biotech seeds with one exception. Flooding Results in Argentine Soybean Losses The soybean harvest underway in Argentina has stalled in parts of the country where excess rainfall caused flooding as well as losses, which some analysts have estimated may ultimately equal 5 percent of total production or about 3 MMT. They indicate the damage may be even greater if the rains do not stop soon. The states most impacted thus far have been Entre Rios, Santa Fe and Cordoba.Only about 14 percent of Argentina’s soybeans have thus far been harvested. Therefore, it likely will be weeks before the extent of...
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.