Oilseeds Soymeal Inventory Reverses Course With the brief holiday concluded, the increased cost of soybeans and reduced crush output pushed soymeal inventories down last week. The estimated nationwide total fell 40,900 MT (-5.21 percent) to 785,100 MT as of 13 April, but that is up 158,600 MT (+25.3 percent) versus the second week of April 2017. Although there were declines in most regions, estimated inventories rose in Fujian, Guangxi, and Shandong with the latter experiencing the biggest increase for the second week in a row as stocks there climbed 18,900 MT (+15.01 percent). Looking ahead, there shouldn’t be a run-up in soymeal inventories any time soon because of the higher prices and modest crushing rates. The national inventor...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.