Korea Buys Soymeal Korean feed millers have been on a soymeal buying spree this week. On Monday, Korea's Feed Leaders Committee (FLC) bought 80,000 MT of soymeal. Of that amount, the FLC bought 25,000 MT of Indian soymeal from Noble and 55,000 MT of U.S. soymeal from Cargill. Delivery of the two purchases is scheduled for 1 January and 10 February.On Wednesday, Korea's Major Feedmill Group bought 99,000 MT of soymeal. The purchases included 55,000 MT of South American soymeal from Glencore, 20,000 MT Indian soymeal from Wilmar and 24,000 MT of U.S. soymeal from CHS. The quantities are scheduled to be shipped in December and January. Also on Monday, Nonghyup Feed, Inc., the country's largest feed miller, bought 30,000 MT of Indian soyme...
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.