Because of the huge drop in India’s exports of non-biotech soymeal, animal feeders in Europe seeking imports of that variety have had to find alternative origins. One country benefitting from these events is China. Argentine Soymeal and Wheat Headed to the U.S. An Argentine ship lineup report that was released yesterday by the NABSA shipping agency indicates the Olympos, carrying a cargo of 24,456 MT of soymeal and 23,494 MT of wheat, departed Argentina this week. While the destination port was not identified, it almost certainly is Wilmington, North Carolina. The swine and poultry producers in the eastern region of that state have annually brought in a few cargoes of wheat and soymeal to the discharge facility in that port city.With ocea...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.