China's average domestic corn price continued to see gains last week. Looking ahead, prices for corn byproducts should trend upward as demand for both corn and ethanol rise with the onset of a cold winter season. Oilseeds Soymeal Inventories Continue to Rise China’s estimated soymeal inventories reached 1.39 MMT last week, an increase of 70,000 MT over the previous week and 620,000 MT higher than the same week in 2014. Among the surveyed regions, they showed strong upward trends in southern China. Last week’s inventories rose 25.41 percent to 183,500 MT in Guangxi and 13.4 percent to 138,200 MT in Fujian. In contrast, they fell 4.83 percent to 203,200 MT in northern China. As noted below, soybean imports are projected to hit a reco...
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.