China’s State Council has approved the National Resource Defense Council’s (NRDC’s) proposed 2016 soybean target price of RMB 4,800/MT ($732.50/MT), which was based on two specific factors. Oilseeds Soymeal Inventories Hold Steady After a month of steady increases, China’s estimated soymeal inventories finished the week at 1.17 MMT, unchanged from the previous week and down 40,000 MT compared with a year ago. According to our surveys, they did rise to 182,400 MT (+32.84 percent) in Guangdong and 126,100 MT (+7.79 percent) in Fujian. Meanwhile, those inventories in north and northeast China grew to 136,400 MT (+15.97 percent) and 122,000 MT (+1.22 percent), respectively. However, they did decline in other provinces. Provided the April for...
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.