Oilseeds Soymeal Inventory Continues to Drop The nationwide estimated soymeal inventory tumbled further following the five-day Labor Day holiday celebrations (1-5 May) to reach 590,700 MT as of 10 May 2019, a drop of 31,500 MT (-5.1 percent) from the last full week in April. While official data was not available last week, the inventory actually gained 35,400 MT (+5.7 percent) during the week ended 3 May 2019 as demand slumped because of the holiday. However, the real story is how much lower the inventory is than a year ago. Compared with the same week in May 2018, last week’s estimated total was down 625,100 MT (-51.4 percent). The primary drivers of the year-on-year decrease are declines in feed demand in the Shandong and East reg...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.