The government of China recently issued its first official Agricultural Outlook Report, covering the period 2014-2023. Among other projections in the report, there is one that estimates China's soybean imports in 2023 will be only 73 MMT. U.S. Soybean Exports to Indonesia up Sharply This Year Last year, high soybean prices caused a major political problem for the Indonesian government. The high prices occurred because a short-term shortage limited the supply to the country's thousands of tempeh producers who held strikes and rallies to complain about the situation.This year has been a different story. Indonesia's soybean importers have been aggressively importing U.S. soybeans since the beginning of the marketing year and have made sure t...
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.