The Chinese producers' soymeal price averaged RMB 2,837/MT ($447.20/MT) last week. That reflected a RMB 40/MT ($6.30/MT) increase from a week ago as the estimated soymeal inventories declined in all of the surveyed regions. Oilseeds Soymeal Inventories Fall Sharply China’s soymeal inventories were estimated to be 778,400 MT at the end of last week. That is a 108,600 MT decrease (-12.25 percent) since the week prior to the National Day holiday week and 201,500 MT (-20.57 percent) lower than the same week in 2014. Equally important, the estimated soymeal inventories declined in all of the surveyed regions. In north and northeastern regions, they fell 28.43 percent and 21.85 percent to 35,800 MT and 95,200 MT, respectively, since the last 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...
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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.