The current marketing year is on track for the combined U.S. exports of soybeans, soymeal and soyoil to set a record. There is also an expectation that this year's U.S. soybean plantings will be over 80 million acres, which would mean a very high probability that U.S. farmers will produce a record soybean crop in 2014. China Sells 312,905 MT of Reserve Stock Soybeans The Chinese government today sold 312,905 MT of the 430,180 MT reserve stock soybeans it offered for sale. The volume included 179,849 MT sold in Inner Mongolia and 133,056 MT in Heilongjiang province. The average prices for the soybeans sold in Inner Mongolia were 4,123 yuan/MT for the 2010 crop and 4,023 yuan/MT for 2011 crop with only the latter sold in Heilongjiang provin...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.