Korea Starts Buying New Crop South American Soymeal Two Korean feed manufacturing groups today bought one cargo each of South American soymeal for delivery in the last half of April. One cargo of 55,000 MT was purchased by the Korea Feed Association from Concordia at a price of $507/MT C&F. The Major Feedmill Group bought 55,000 MT of soymeal from Glencore at a price of $505.36/MT C&F.Korean soymeal importers currently have unshipped purchases for 140,100 MT of U.S. soymeal that likely will be shipped relatively soon to meet part of their needs between now and the arrival of new crop soymeal from South America. Korea is forecasted to import about 141,000 MT of soymeal a month in the 2012/13 marketing year so the U.S. purchases eq...
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.