Pushing High-Oleic Soybeans The United Soybean Board (USB) last week committed to a five-year multimillion-dollar effort to expand the production of high-oleic soybeans and the demand for high-oleic soyoil. High-oleic soyoil has significantly increased oxidative stability, which is critical for high heat applications like frying foods and also contains less saturated fat. This increased functionality will be important for both food and industrial customers.The USB's goal is to have high-oleic soybeans available in maturity groups that cover up to 80 percent of U.S. soybean acres by 2020. Without the initiative, current industry projections put high-oleic soybeans at only 5 to 10 percent of acres in 2020. USB is partnering with the two se...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.