Indian Soymeal Imports Seem Likely As I wrote on Tuesday, the Indian government is very concerned about the high price of domestic soymeal and the impact it will have on prices of chicken meat. For that reason, the government on Tuesday lifted the 15 percent tariff on imports of soymeal but stopped short of imposing a 10 percent tariff on soymeal exports. Elimination of the soymeal import tariff makes soymeal imports seem likely. According to news reports, the price of soymeal in India has risen 110 percent since early May to about $850/MT. The price rise is a result of concerns about the poor monsoon, tight supplies of soymeal in the market, and speculative holding of soybeans by farmers and traders. Large sales of soymeal to Iran also...
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.