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feed-grains soy-oilseeds

Oilseed Highlights

The government of China wants to reduce the country's corn production and stocks as well as the volume of soybean imports. Its goal is to raise soybean plantings 37 percent and production to about 18.39 MMT by 2020.To accomplish this, an incentive will offered to farmers in Heilongjiang Province. China to Offer Farmers a Subsidy to Switch Crops in Heilongjiang Province The government of China wants to reduce the country's corn production and stocks as well as the volume of soybean imports. To accomplish this, it will offer what is billed as a rotation subsidy to farmers in Heilongjiang Province as an incentive to grow soybeans instead of corn next year. The payment will be equivalent to about $335/hectare ($135.66/acre) and is expected to...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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.

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