Reports out of China indicate some firms there have recently defaulted on palm oil purchases due to banks discontinuing loans. The one most notably impacted by the tightened credit apparently was Shandong Changhua Food Group, China's fifth-largest palm oil importer. China Sells 30 Percent of Soybeans Offered at Auction China's Sinograins was able to sell 30.44 percent of the 345,984 MT of reserve stock soybeans offered in its weekly auction on Tuesday. The 105,282 MT sold at an average price of 4,126 yuan/MT ($672/MT or $18.29/bushel), 24 yuan/MT ($3.91/MT) higher than the previous week when only 24.14 percent of the offering was purchased. Almost all of the soybeans sold from the reserve stocks will be used to produce soy foods. Tighten...
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...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.