Rapeseed-Mustard Prices Crash as Hopes of Exporting to China Vanish As relations between the U.S. and China thawed and a 90-day truce was called, all hopes of India exporting rapeseed-mustard meal and soymeal to the latter vanished. China was back in the market for U.S. soybeans. It did make strides toward facilitating Indian oil meal exports by reducing the duty and registering the processing plants, but the export plans will have to be shelved for now with the possibility of being implemented at a later time. In anticipation of good prices due to exports, the area under rapeseed-mustard was increased, reaching 6.579 million hac as of 28 Decenber 2018 against 6.382 mill hac a year ago and the normal 6.125 million hac. Meanwhile, the area...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
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.