Recent action by the European Food Safety Authority (EFSA) s a stunning rebuke to the critics of GM technology that despite their rants and tactics, scientific principles continue to prevail in Europe. EFSA Clears Events 63 and 64 The European Food Safety Authority (EFSA) gave safety approval to two more GM crop events. There have now been 64 different such events that have cleared the safety scrutiny of Europe’s leading scientific advisory body. Nearly half involve maize, with soybeans garnering the second-highest number of approvals and cotton in third. Rapeseed is a major crop in Europe and yet has had just six events. Still, it is a stunning rebuke to the critics of the technology that despite their rants and tactics, scientific princ...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.