Monsanto today announced it has suspended sale of future biotech soybean technologies in Argentina because of recent, disappointing discussions with the government concerning its ability to collect royalties there on its patented soybean variety. NOPA’s April Soy Crush Volume The volume of soybeans crushed by members of the National Oilseed Processors Association (NOPA) declined in April to 147.614 million bushels (4.02 MMT) from 156.69 million bushels (4.26 MMT) in March. It was also below the 150.363 million bushels (4.09 MMT) crushed in March 2015 but very close to 147.704 million bushels (4.02 MMT, the average forecast of analysts queried by Reuters.The NOPA crush report indicated the association’s members had 1.9427 billion pounds (8...
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...
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.