Leaders of Canada’s soybean industry expect the soybean plantings there will total 10 million acres by 2027. However, the sector has a notable problem with its production that impacts prices, and addressing this matter is said to be a priority. NOPA’s March Soybean Crush Volume Falls Below Trade Estimate Yesterday the National Oilseed Processors Association (NOPA) released its monthly crush report, which indicated members processed 153.06 million bushels (4.166 MMT) of soybeans in March, above the 142.792 million bushels (3.887 MMT) in February but below the 156.69 million bushels (4.265 MMT) in March 2016 as well as the average estimate of trade analysts surveyed by Reuters of 158.25 million bushels (4.307 MMT). The daily crush rate in M...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.