China's domestic corn prices saw modest improvement last week. The slight rise has been largely driven by a recent supply shortage in the north, which has been affected by drought. Oilseeds Soymeal Inventories Continue to Increase Estimated soymeal inventories for major Chinese crushers increased last week to 1.47 MMT, a 6.1 percent (84,100 MT) gain over the previous week. They were 39.98 percent (882,294 MT) lower overall compared with the same period a year ago. Among the surveyed regions, inventories decreased by 27.33 percent to 107,100 MT and 18.25 percent to 471,000 MT in northern and northeastern China, respectively. Meanwhile, they rose by 52.73 to 150,300 in Fujian Province and 51.5 percent to 180,300 MT in Guangxi Province. Alt...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.