Reciprocity with Japan Cars and wheat should be treated equally. Toru Hisazome, a deputy director in Japan's Ministry of Agriculture, Forestry and Fisheries said today that "It's still under consideration, so we haven't decided anything." He was referring to whether Japan would resume buying U.S. wheat after imposing an import restriction weeks ago in response to a small amount of biotech wheat being found in an Oregon field. Hisazome himself reportedly said that despite Japan's testing, "So far there is nothing. All of the tests conducted by Japan were negative – no GMO wheat was found." Roundup Ready wheat is harmless just like the Roundup Ready soybeans or corn currently being imported by Japan. It is a deplorable position by Tokyo...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.