While soybean production continues to expand rapidly in the Dakotas, the only processing plant located in either state is in Volga, South Dakota. However, that situation is about to change.Soybean production continues to expand rapidly in the Dakotas. A record yield of 41.5 bushels/acre greatly helped North Dakota produce a record 6.8 MMT (250 million bushels) in 2016. Meanwhile, South Dakota’s yield of 49.5 bushels/acre matched the record set in 2015 and resulted in a record 6.3 MMT (229 million bushels) production last year. The only processing plant located in either state is in Volga, South Dakota, but that situation is about to change with the addition of two new plants over the next several years.Minnesota Soybean Processors announced...
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.