The government of Ukraine plans to boost its efforts to prevent local farmers from planting GM soybeans. While no such soybean varieties have been approved, many have been able to acquire them. Meanwhile, one particular importer has stopped shipments this year because of their presence. Mato Grosso May Harvest 7 MMT of Soybean by End of January The U.S. will face earlier competition from Brazil’s soybeans in 2017 if the forecast from AgRural, a consulting firm based in that country, is accurate. The firm expects 7 MMT will be harvested in the state of Mato Grosso by the end of January 2017, which is sooner than normal and made possible because spring rains began in September rather than the usual later months. AgRural projects...
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...
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.