Following the RMB 240/MT decrease in the last week of September, the average domestic corn prices in both northern and southern China have been steadily falling. Meanwhile, the market is awash in rumors regarding this year’s minimum state purchase price for temporary reserves. Oilseeds Soymeal Inventories Fall Further on Holiday Demand The arrival of the fall holidays has brought a significant uptick in feed demand. As a result, China’s estimated soymeal inventories slid to 890,000 MT last week, a 90,000 MT drop from two weeks ago. They currently stand at 240,000 MT, 21.04 percent lower than at the same point in 2014. Interestingly, all of the surveyed areas saw their inventories decrease last week. In Fujian and Guangdong Provinces as w...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.