South Africa's farmers have planted a record area to soybeans this year in response to strong domestic demand, which has been rising and is expected to grow further in 2015/16. Record Soybean Plantings in South Africa South Africa's farmers have planted a record area to soybeans this year in response to strong domestic demand. The government's crop estimates committee last week indicated the country's soybean plantings rose 23 percent this year to 620,300 hectares (1.53 million acres) and the area planted to corn fell by 1.2 percent. South Africa produced 944,340 MT of soybeans in 2014, and production this year is likely to exceed 1 MMT. That suggests the average soybean yield in 2014 was only about 1.87 MT/hectare (27.8 bushels/acre).Soy...
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.