Soybeans Brazil Last week was yet another that featured changing news of the U.S.-China trade war. Rumors of a possible 6 MMT quota for U.S. soybeans brought additional nervousness to Brazilian suppliers. On the other hand, however, Chinese buyers kept securing Brazilian spot soybeans, suggesting the U.S. quota had already been used and China still needed to buy more soybeans. There were several cargoes traded for October, November, and December either CNF China or FOB. Prices were 194-202X CNF for October and November, depending on the position, while December traded at 190F. It’s interesting to see December trading currently as it’s a volatile position being so close to the new-crop harvest. Last year, the Decem...
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.