The ebb and flow of world trade of grains and oilseeds is one of the more important determinants of domestic prices in major producing and exporting countries, and it often seems to be the most significant factor in ascertaining values.The production of grains has always been widespread, occurring wherever there was a human population, arable land and sufficient water since pre-historic times. Oilseeds and their products are relative newcomers by comparison, although they have a long history of use in Asia. Their production/usage became more common elsewhere after World War II, however, and really began to flourish when increasingly concentrated livestock and poultry production created a demand for the high protein residual meal left after...
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.