China’s domestic soymeal inventories decreased last week to 1.32 MMT, down 150,000 MT or 10.2 percent from the previous week, largely because of two factors. Oilseeds Soymeal Inventories Head Lower China’s domestic soymeal inventories decreased last week to 1.32 MMT, down 150,000 MT or 10.2 percent from the previous week. Overall, the total was 680,000 MT greater than the same week in 2014. Thanks to price reductions from processors followed by an uptick in downstream demand, movement of soymeal picked up in the last ten days. Among the surveyed regions, inventories in the south came in higher than the north. They declined 13.41 percent to 216,000 MT and 4.15 percent to 145,300 MT in Guangxi and Fujian, respectively. By contrast, soymeal...
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.