Biotech Company to Develop High-Protein Soybeans and Other Crops Amfora, a San Francisco-based biotech company, today announced it is going to employ a patented technology to sharply increase the protein content of feed and food crops while reducing the carbohydrate level. A focus of the company is to develop higher-protein soybeans and alfalfa to supply the growing needs of the aquaculture sector for high-protein feed ingredients as replacement for fishmeal. While claiming it can develop soybeans that will allow the production of soymeal with the same protein content as fishmeal and soy protein concentrates, Amfora makes no mention of whether they will yield as much as the conventional type. It also intends to develop higher-protein food...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.