Chinese Soy Crusher Files for Bankruptcy The Chinese firm Shandong Sunrise Group, a soybean importer and processor as well as an independent petroleum refiner, filed for bankruptcy last Friday. It attributed this action to losses in crush margins. Crushers in Shandong Province are currently losing the equivalent of about $7.40/MT. The losses have been occurring for months and were accentuated because China’s 25 percent tariff on U.S. soybeans have forced processors to pay more for Brazilian supplies. Domestic soymeal demand is also slowing due to reduced swine production. Sources indicate China is operating at only about 60 percent of its now 145 MMT annual soybean crushing capacity. Much of the capacity needs to be mothballed to al...
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.