Soyoil has clearly gained the most demand in China during this decade. Its consumption is forecast to be one-third greater in 2015/16 than in 2010/11 despite a 35 percent drop in imports. Daily Rains Now a Problem in Mato Grosso After a long period of drought this year, Brazil’s Mato Grosso has shifted to almost daily rains across major soybean-growing areas. Recent forecasts call for this pattern to continue across most of that state and neighboring ones through 2 February with a total accumulation of 143 millimeters (5.6 inches) over the next 15 days. This ongoing rainfall makes it largely impossible for the early-planted soybeans to be harvested as the plants are not dry enough. As a result, only about 2 percent of the state’s crop has...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.