Following the RMB 240/MT decrease in the last week of September, the average domestic corn prices in both northern and southern China have been steadily falling. Meanwhile, the market is awash in rumors regarding this year’s minimum state purchase price for temporary reserves. Oilseeds Soymeal Inventories Fall Further on Holiday Demand The arrival of the fall holidays has brought a significant uptick in feed demand. As a result, China’s estimated soymeal inventories slid to 890,000 MT last week, a 90,000 MT drop from two weeks ago. They currently stand at 240,000 MT, 21.04 percent lower than at the same point in 2014. Interestingly, all of the surveyed areas saw their inventories decrease last week. In Fujian and Guangdong Provinces as w...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.