Oilseeds Soymeal Inventory Surges as Prices Decline The steady buildup of imported soybean stocks, falling live pig prices and a decline in the prices for soymeal have driven demand for the latter downward. The net effect was a rise in soymeal supplies in all regions last week. This pushed the nationwide inventory up 165,100 MT (+21 percent) to 950,200 MT as of 20 April 2018, the highest level since the end of September 2017 and 231,000 MT (+32.1 percent) more than a year ago at the same time. At the regional level, the largest weekly increases were the gains of 31,400 MT (+21.7 percent) to 176,200 MT in Shandong Province and 30,900 MT (+56.2 percent) to 85,900 MT in the North. While the national total number was a surprise, the softer me...
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.