Rumors of state policy shifts are driving down China's domestic corn prices, which is affecting some processors' margins. However, the cornstarch and ethanol industries may continue to have a difficult summer as the decrease in prices may be temporary and another variable is tepid. Oilseeds Soymeal Inventories Fluctuate Upward As a result of a surge in South American soybean imports and ongoing stagnant demand from the downstream market, China's estimated soymeal inventories increased to 1.47 MMT, a gain of 120,000 MT, following a 130,000 MT decline the previous week. The total is 360,000 MT or 19.77 percent lower than the same week in 2014. The estimated inventories rose in all surveyed regions except Shandong Province where they fell 2...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.