The governments of China’s Heilongjiang and Liaoning Provinces announced last week that they will pay farmers higher subsidies to produce soybeans in 2017, a move intended to address two domestic issues.. Rampant Organic Soybean Import Fraud Reported The Washington Post published an article over the weekend that reported widespread fraud in the importation of soybeans that were alleged to be organic when they were not. It cited the case of a large quantity from Turkey that were actually conventional soybeans of Ukrainian origin that had been transshipped through Turkey where they received organic certification.Increasingly large quantities of organic soybeans, which command a premium, are being imported into the U.S. from India and China...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.