U.S. Soymeal Exports Sales Now Ahead of Last Year Today's USDA export sales report once again indicated U.S. exporters made large export sales of soymeal last week. Soymeal sales last week totaled 229,600 MT for shipment in the current marketing year and 31,600 MT for delivery in the next marketing year. Notable sales for 2011/12 included Romania (45,000 MT), Mexico (35,600 MT), Peru (30,000 MT), unknown (28,000 MT), Philippines (25,500 MT) and Israel (17,000 MT). Most of the sales for next year were to unknown (30,000 MT).With this week's soymeal sales, total soymeal sales for the current marketing year now total 7.457 MMT, 2.4 percent higher than the 7.282 MMT sold at this point a year ago. This reaffirms my statement last week that US...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.