The drop in soybean prices over the last year has obviously helped to boost global soybean demand. However, the increase in global consumption predicted for 2015/16 now has to be questioned because of several factors. U.S. Biodiesel Production Reached 122 Million Gallons in June The U.S. Energy Information Administration (EIA) yesterday indicated U.S. biodiesel production in June reached 122 million gallons, an increase over May's 116 million gallons. 474 million pounds (215,005 MT) of soyoil were used to produce the June total, up from 443 million pounds (200,943 MT) in May. Soyoil accounted for 52 percent of all biodiesel feedstocks for that month. Korean Feedmill Group Issues Tender for Soymeal South Korea's Major Feedmill Group has...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Grain futures fell hard overnight after the USDA’s Crop Conditions report showed better-than-expected ratings for corn and soybeans, despite difficult weather last week. The Conditions report was even more bearish in light of meaningfully beneficial rains acr...
Key Takeaways: New Mexico’s Clean Transportation Fuel Program expands demand for low-carbon fuels and creates another market for renewable feedstocks, adding incremental pressure to already limited supplies of lower-carbon inputs. Growing competition for waste-based feedstocks such as an...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.