The Genetic Engineering Appraisal Committee (GEAC), the government of India’s regulator responsible for issuing clearances for field trials of GM crops and import/export of GM seeds, has deferred permits to import biotech soymeal and DDGS this year. Argentine Corn, Wheat and Sunflower Plantings Forecast After the government of Argentine President Mauricio Macri eliminated export taxes on wheat, corn and sunseed in December, it was noted here that plantings of those three crops might double in the next three years. This prediction was based on their increased profitability without export taxes and the desire of farmers to improve the crop rotations. They sowed twice as much land to soybeans as all other field crops in 2015/16 because of po...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.