China Customs data indicates soybean imports during October totaled 5.53 MMT, 6.3 percent higher than the previous forecast of 5.2 MMT announced in September and 34.9 percent more than in October 2014. As a result, some market analysts suggest that the volume for November and December could reach a record. Oilseeds Soymeal Inventories Top 1 MMT Thanks to relatively strong utilization rates among soybean crushers and a large volume of soybean imports, China’s estimated soymeal inventory reached 1.7 MMT last week. That was a significant increase of 268,600 MT (+29.80 percent) over the previous week and 275,500 MT (+30.8 percent) higher than the same week in 2014. Among the surveyed regions, only Guangxi showed a decline from the previous 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...
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
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.