Stats Canada reports that a record 1.77 MMT (65 million bushels) of soybeans were produced in Manitoba Province this year as farmers there continue to boost the plantings for several reasons. NOPA Soy Crush for November The National Oilseed Processors Association (NOPA) today reported its members crushed 160.752 million bushels of soybeans in November, 3 percent more than in the same month a year ago. However, it was below the average estimate of analysts polled by Reuters of 162.568 million bushels as well as the 164.641 million bushels crushed in October 2016. This month’s data includes that of a new member, Express Grain Terminals LLC, which operates a soybean crushing plant in Greenwood, Mississippi that previously processed cottonsee...
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.