Given that four state-owned enterprises are the primary producers of ethanol in China, the government has appeared to throw them a lifeline by allowing the importation of large volumes of the relatively cheaper U.S. stocks. Oilseeds Soymeal Inventories Show Steady Growth At the end of June, China’s nationwide estimated soymeal inventories stood at 580,000 MT. Our forecast two weeks ago was that given the volume of soybeans already in port and the number of additional incoming shipments, inventories would eventually rise above the 700,000 MT threshold. That prognostication has held as the major soybean crushers have raised utilization rates here in early July. As of 8 July, estimated soymeal inventories totaled 720,000 MT, an 80,000 MT (+...
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.