Oilseeds Soymeal Inventory Falls Again as Crushing Output Drops Because of declining downstream demand, domestic crushers cut utilization rates to below 50 percent capacity. Even with the lower prices for soymeal, feed producers have been reluctant to make significant commitments with the hog market in tatters. Thus, China’s nationwide estimated soymeal inventory fell for the second consecutive week to a total 1.15 MMT as of 18 May 12018, a drop of 56,100 MT (-4.6 percent) from the previous week and down 76,100 MT (-6.2 percent) versus the same week in 2017. While Shandong Province saw the most significant weekly decrease, shedding 52,600 MT (-22.5 percent) to finish at 181,300 MT, the Northeast had a sharp gain of 19,000 MT (+38 pe...
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.