On 1 February, China's central government released its annual guidelines for the domestic economy and key policy reforms, known as China's "No.1 Central Document," which underscored efforts targeting extensive rural reforms and the development of modern agriculture. Oilseeds Soymeal Price Continues to Slide The average producers' soymeal price dropped further last week, falling below the 3,000 RMB/MT level for the first time in three years. Since January, rising soymeal inventories and receding demand for feed have put China's crushing sector in a precarious position. The normal pre-holiday purchasing of feed by meat producers has been slow to materialize. Based on our research, soymeal prices started to decline in late October from a na...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.