Oilseeds Soymeal Inventory Reverses Course and Falls Below 1 MMT Pre-Lunar New Year holiday demand pushed wholesale soymeal prices slightly higher as of 2 February 2018 and also helped send the nationwide inventory back below the 1 MMT threshold to 934,900 MT, a 116,800 MT (-11.1 percent) drop from the last full week of January. That total, however, was 238,000 MT higher (+34.2 percent) than the same week in 2016. Soymeal stocks fell across all regions with the biggest decline (in percentage terms) occurring in Shandong, where they dropped 33,300 MT (-26.3 percent) to 93,500 MT. With the Lunar New Year set to kick off today with New Year’s Eve activities, the market will be pretty quiet through the balance of February. The La...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.