The national and state government policies of subsidizing deep corn processors that purchase domestic stocks helped drive up the utilization rates of that industry. In turn, this has put downward pressure on the prices for corn byproducts. Oilseeds Soymeal Inventories Up Slightly as Output Rises Soybean crushers have responded to the surge in downstream demand by cranking up their utilization rates in the past few weeks. As a result, China’s estimated soymeal inventories rose slightly to 762,200 MT last week, up 54,100 MT (+7.6 percent) from the previous week and 382,200 MT lower than the corresponding week in 2014. Among the surveyed regions, the only two that saw decreases were northeast China and Guangdong with drops of 35,600 MT (-17...
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...
From WPI Consulting
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.