Some elevators are warning farmers that they will not accept soybeans produced from Monsanto’s Roundup Ready 2Xtend strain unless it gains approval from the EU. Last Week’s Very Large U.S. Soymeal Export Sales Normally, the largest weekly exports of soymeal occur early in the marketing year when the U.S. commonly is most price competitive. However, today’s USDA export sales report indicated those net sales last week for shipment in 2015/16 were the highest at 468,700 MT. The sales primarily were to the Philippines (201,800 MT), Singapore (65,400 MT), Venezuela (38,000 MT), Mexico (32,400 MT), Egypt (28,500 MT), Peru (17,200 MT), Morocco (15,000 MT), Guatemala (13,000 MT), Canada (11,700 MT), unknown (11,500 MT), the Dominican Republic (8,...
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
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.