Soybeans Market Overview The soybean market showed some movement for nearby positions last week as the Chinese looked to cover March, April, May and even some June needs from South America (i.e., Brazil). While April traded at +123K and then 120K CNF China, May positions traded 6 cents/bushel higher at 126K CNF. Nevertheless, good origination in Brazil pressured basis lower. WPI sources say last week saw origination of near 3 MMT between old and new crop campaigns. This would equate to around 50 Panamax vessels. Of course, a big part of that volume was local industry, but there was volume going to export as well. This could pressure CNF and FOB markets as offers were higher than demand last week. Brazil WPI’s projections peg Brazi...
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.