China’s Soybean Crush Increasing as Power Rationing Ends For the last several weeks many Chinese soybean processors were forced to shut down because of government decrees rationing electrical power. However, the power rationing has now ended, and the processors have been able to operate their plants at full capacity. As a result, the amount of soybeans processed in the country has begun to increase. China’s National Grains and Oil Information Center (CNGOIC) today indicated the amount of soybeans crushed in the week ending 7 November increased for the second consecutive week to 2.07 MMT. That was an increase of 170,000 MT over the previous week and the largest in 10 weeks. It also was 230,000 MT above the previous three-...
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.