Global biodiesel production has grown to reach approximately 29.12 MMT this year and has become the market for about 7.3 MMT of soyoil, 9.6 MMT of palm oil, 6.4 MMT of rapeseed oil and about 5.9 MMT of other fats and oils. NOPA Soybean Crush Volume in May above Expectations The National Oilseed Processors Association's (NOPA's) soybean crush report that was released yesterday indicated its members crushed 128.824 million bushels in May 2014. That was above the average estimate of trade analysts surveyed by Reuters of 126.984 million bushels. It also was well above the crush volume in June 2013 of 122.631 million bushels. The report indicated the average oil yield in May was 11.81 pounds/bushel (19.68 percent) versus 11.72 pounds/bushel (...
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.