While China's President Xi is driven to implement economic and agricultural policy reforms that will deleverage the Chinese economy and take away the loose credit that has resulted in real estate and stock market bubbles, there is internal division. Oilseeds Soymeal Inventories Drop Again As feed demand from the downstream market has remained brisk, last week’s estimated soymeal inventories fell 10,000 MT to 620,000 MMT (-1.58 percent) or 105,600 MT lower than the total for the same week a year ago. They showed different week-on-week trends across the key regions. The estimated inventories rose to 75,100 MT (+5.99 percent) in northeast China from the previous week but dropped to 74,000 MT (-10.97 percent) in north China. They also fell i...
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.