Last week’s domestic corn prices averaged RMB 2,050/MT ($318.50/MT), a slight decline from the previous week. Local traders indicated a similar drop in the prices for corn byproducts, although processors in Jilin continued to earn a profit as a result of certain government action. Oilseeds Soymeal Inventories Rise Once Again Due to the large volume of imported soybean shipments and slack demand from the downstream market, China’s estimated soymeal inventories rose 120,000 MT or 8.9 percent last week to 1.47 MMT. That volume was 820,000 MT higher than a year ago. Among the surveyed regions, total soymeal inventories increased 23.31 percent to 200,800 MT in Guangdong and 19.95 percent to 249,400 MT in Guangxi. In sharp contrast, they fell...
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.