NOPA Crush Report Suggests Lower Oil Content in 2017 U.S. Soybeans The National Oilseed Processors Association’s (NOPA’s) monthly crush report of yesterday showed members crushed 164.242 million bushels (4.47 MMT) of soybeans in October 2017.That was up from 136.419 million bushels in September but slightly less than last year’s record for October of 164.641 million bushels. Receiving the most attention in the report was the drop in soyoil stocks to 1.224 billion pounds (555,203 MT) at the end of October from 1.302 billion pounds (590,058 MT) at the end of September. The average oil yield of soybeans crushed last month was 11.54 pounds/bushel (19.23 percent) versus 11.61 pounds/bushel (19.35 percent) at the same time a y...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.