According to USDA: Soybean crush is raised 10 million bushels to 2,100 million on higher domestic disappearance of soybean meal and a lower soybean meal extraction rate reflecting data reported by NASS in the Oilseed Crushings report. Soybean meal price is unchanged at $295 to $335 per short ton. Global oilseed crush is down 0.5 million tons mainly on lower soybean crush for China, which is down on slower-than-expected pace to date. China’s soybean crush pace is expected to increase during the second half of the marketing year as the South American harvest advances and leads to increased global supplies. ...
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.