India has sharply boosted its soyoil imports this year as its vegetable oil refiners have a reason to prefer those stocks over palm oil. Reaching USDA Forecasts for Soybean and Soymeal Exports Will Be Difficult As expected, today’s USDA export sales report indicated large sales of soybeans last week as well as improved exports of soymeal. Net export sales of soybeans totaled 177,900 MT for 2015/16 shipment and 1.597 MMT for export in 2016/17. China was the largest known buyer for both marketing years, but there were also very large sales to unknown destinations (865,100 MT) for 2016/17. Other substantial sales were reported for Germany and the Netherlands. Soymeal sales last week totaled 121,400 MT for 2015/16 shipment and 191,800 MT for...
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 big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
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.