Soy Export Sales Better Last Week Exporters of U.S. soybeans and soymeal had better success making new sales in the week ending 4 January. Net sales of soybeans for export in 2017/18 totaled 607,400 MT, a 28 percent increase over the week before but 47 percent below the previous four-week average.. The top destinations were China (616,500 MT), Germany (219,200 MT), the Netherlands (85,200 MT), Spain (71,500 MT) and Iran (65,700 MT). Those sales were partially offset by reductions for unknown destinations of 493,400 MT. Sales for export in 2018/19 totaled 9,000 MT and were all for Japan. Soybean exports last week totaled 1,546,200 MT, mostly destined to China (876,700 MT). Last week’s net soymeal export sales for 2017/18 shipment tot...
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.