The U.S. soybean harvest has been delayed by heavy rains, and the key states affected include North Dakota, Iowa, Illinois, Minnesota, and South Dakota. While a report indicated only 10 percent of soybeans had been harvested as of 25 September, another problem is resulting in the Midwest. Pre-Harvest Slump in U.S. Soybean Exports and Inspections After record volumes in August and early September, U.S. soybean exports and inspections have suddenly slumped. Soybean export sales totaled 875,700 MT last week, and exports fell to 790,300 MT. Those were still good weekly totals but below the 1 MMT plus levels of previous weeks. Yesterday’s USDA soybean export inspections report totaled only 383,953 MT, which suggests exports during the same per...
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.