Congressional Hearing Winners and Losers A House Energy and Commerce subcommittee is the scene this week for what is being called a slugfest amongst all the disparate parties involved in U.S. biofuel policy. The record promises to be filled with contradictory information intended to sway whether the policy is continued or altered. What would make the two days of testimony more beneficial, and certainly more entertaining, is if the members of Congress listening to industry representatives and their opponents were able to pointedly challenge the veracity of each of the witnesses. It would not be a difficult task given the overblown rhetoric on both sides of this issue, but it is not generally the qualitative result of most Congressional...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.