Oilseeds Soymeal Inventory Continues Downward Trend Feed sector demand remains strong even as the impact of African swine flu (ASF) has begun to dampen regional hog prices. As of 21 September 2018, China’s estimated soymeal inventory totaled 866,400 MMT, down 71,500 MT (-7.6 percent) from the previous week and 32,900 MT (-3.7 percent) lower than the same week a year ago. Meal stocks fell in every region except the North and Shandong Province, which had gains of 4,300 MT (+3.3 percent) to 124,300 MT and 8,000 MT (+9.8 percent) to 90,000 MT, respectively. Looking ahead, the downward trend should continue. Although China’s ag ministry has argued that it can offset the loss of U.S. soybean imports with other protein sources and by...
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.