Oilseeds Soymeal Inventory Sees Modest Decline Since the first full week of November, China’s nationwide soymeal inventory is up 25,500 MT as demand for feed from the hog sector has softened due to the staying power of African swine fever (ASF). With domestic poultry prices experiencing levels not seen since 2016, however, there has been some rebalancing in feed demand from chicken producers. Through the end of last week, the soymeal inventory reversed course and fell 26,600 MT (-2.6 percent) to just over 1 MMT. However, it was up 363,300 MT (+57 percent) versus a year ago. Regionally, the main drivers of the week-on-week decreases were the inventory drops in Shandong and Fujian of 37,600 MT (-29 percent) to 92,000 MT and 9,000 MT (...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.