Looking back at the data from the beginning of July, China's soymeal inventories have varied region-by-region and week-by-week due to fluctuations in feed demand, crushing rates and shipment arrivals. This is a pattern that is likely to continue until mid-September. Oilseeds Soymeal Inventories Drop As Feed Demand Rises Through last week, lower utilization rates and rising demand from the animal feed market resulted in a drop of 99,400 MT or 6.78 percent in China's estimated soymeal inventories. At 1.37 MMT, the current estimated total remains 27.98 percent lower than a year ago at this same point. Among the surveyed regions, soymeal inventories rose slightly to 185,202 MT (+2.89 percent) in Shandong Province and jumped to 130,000 MT (+5...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.