13 Chinese government agencies, led by the Ministry of Commerce (MOFCOM), recently issued guidelines aimed at establishing a unified agricultural market mechanism nationwide within the next 5-10 years. Weak Feed Consumption Puts Protein Meals under Pressure Prices for Chinese protein meals have been under pressure amid weak feed demand in March, and this trend is expected to continue into April. Soymeal prices fluctuated in March, but cash soymeal prices went up slightly by about 1 percent week-to-week to $599/MT during the month's last week after a significant fall nationwide in the middle of the month. During the first week in April, soymeal stocks for coastal crushers stood at 1.94 MMT, 8 percent lower than the previous week and nearly...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
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.