The war against GMO’s is still playing out in Africa. French news platform RFI reports that farmers in Kenya are fighting over whether to grow Bt cotton. One farmer claimed his yields jumped 166 percent with Bt cotton seed, but opponents say initial yield gains eventually recede and Bt cotton is of poor quality. Threatening the opposition’s narrative is the reality of Bt cotton production in the largest cotton producing countries. Yields of Bt cotton are substantially larger than that of Kenya’s non-GMO cotton, and they have remained consistently higher over many years. Additionally, the four top exporters of cotton (U.S., Brazil, Australia and India) have consistently retained their positions, indicating that any q...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.