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...
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.