The Chinese government's stricter inspections of imported DDGS is currently affecting the domestic rapeseed meal price and also a factor in its growing demand. China's Rapeseed Meal Price Continues to Rise with Limited Growth Potential China's rapeseed meal price continued to rise during the week of 14 April with the Chinese government's imposition of stricter inspections of imported DDGS. The average cash rapeseed meal price is $480/MT, up slightly about 0.65 percent week-to-week. There were market discussions in early April that the Chinese government was tightening these inspections by creating a blacklist. Those exporters identified with unqualified DDGS and corn will be included on this list and will be unable to receive export cert...
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.