France's Agriculture Minister Stephane Le Foll today announced the government there plans to spend about 150 million euros per year between now and 2020 to encourage French farmers to grow protein crops in order to reduce the country's soybean and soymeal imports. Chinese Soybean Purchase Agreement No Big Deal The anticipated signing ceremony today for Chinese soybean crushers to agree to purchase U.S. soybeans turned out to be no big deal as expected. In the ceremony held at Chicago's Union League Club, crushers signed nine separate contracts to purchase a total of no less than 1 MMT in CY 2015. Buyers included state importers COFCO and Sinograin Oil Corp as well as Yihai Kerry Group, Chinatex Grains & Oils, Yuntianhua USA Inc. and J...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.