Soymeal Prices Up, but DDGS Not Available as Alternative The Soybean Oil Processors Association (SOPA) has again trimmed its estimate for India’s 2017/18 soybean production (harvest in October-November 2017), reducing the previous forecast of 9.15 MMT to 8.35 MMT. The government of India (GOI) pegged production at 12.217 MMT in its first advanced estimate of 22 September 2017. Based on available data, SOPA’s estimate seems accurate. This would mean production is 23.39 percent lower than its estimate of 10.9 MMT in 2016/17, which GOI had projected would reach 13.794 MMT that year. Prices peaked in the last week at Rs.39,390/MT ($606/MT) and dropped as arrivals started again. They are currently close to Rs.38,000/MT ($584/MT). S...
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.