China Approves Three Biotech Soybean Events Argentina's Agriculture Minister Norberto Yauhar said China has approved three additional biotech soybean events as well as one additional biotech corn events for importation and consumption. According to Yauhar, the three soybean events include Monsanto's Intacta Bt event, which is resistant to soybean loopers. The other two events include ones resistant to the herbicides imidazolinone (Scepter, Pursuit and Arsenal) and glufosinate (Liberty). There no longer are any biotech events pending in China that are of importance to Argentina.Approval of the three biotech soybean events is important to allowing Argentina to continue supplying soybeans to China as well as to expand its corn exports to Ch...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.