USDA Releases Final 2011/12 Export Sales Report for Soymeal and Soyoil USDA today released the final export sales reports for soymeal and soyoil for the 2011/12 marketing years. Soymeal exports in 2011/12 totaled 8.501 MMT, which was 13.7 percent higher than the 7.479 MMT USDA reported as being exported in 2010/11.The top destinations during the year were Mexico (1.454 MMT), the Philippines (1.177 MMT), Canada (1.051 MMT), Venezuela (0.619 MMT), the EU-27 (0.576 MMT) and Ecuador (0.415 MMT). That is the first time U.S. soymeal exports to the Philippines have exceeded exports to Canada and is an indication of how much buyers in the Philippines prefer U.S. soymeal.U.S. soyoil export shipments in 2011/12 totaled only 0.586 MMT, a decline of...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.