Record NOPA Monthly Crush in October The National Oilseed Processors Association (NOPA) yesterday reported its members crushed 172.346 million bushels (4.69 MMT) of soybeans in October. That not only exceeded the 164.242 million bushels (4.47 MMT) in October 2017, it was the highest monthly total ever, surpassing the previous record of 171.858 million bushels (4.677 MMT) set in March 2018. The October total was also more than the average of analysts polled by Reuters of 170.026 million bushels (4.6278 MMT). High crush margins and strong domestic/export demand for soymeal drove the record volume. NOPA also reported its members held 1.503 billion pounds (681,756 MT) of soyoil at the end of October, down from 1.531 billion pounds (694,457 MT...
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.