The government of Argentina issued a decree yesterday that reaffirmed an earlier decision regarding the export taxes on soybeans and soy products, and this is likely to impact farmers' planting decisions into the next few years. China Crushed Record Volume of Soybeans Last Week China’s National Grains and Oils Information Center (CNGOIC) today reported 1.95 MMT (71.64 million bushels) of soybeans were crushed in that country last week, which was the highest weekly volume ever. It also marked the seventh week in a row that the total exceeded 1.8 MMT. The record crush was driven by large soybean imports and high crushing margins, which are currently around 300–400 yuan/MT ($43.20-67.60/MT). However, the margin has declined by about 100 yuan...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.