Soybeans Brazil The FOB and CNF markets were very quiet last week with little movement. Chinese demand was quite slow and only on the spot. Basis rose every day due to spot interest, but nothing happened with other positions. For November and December, Brazilian basis climbed from $1.47F to $1.60F, CNF China. Similarly, Pacific Northwest (PNW) basis grew from $1.20F to $1.32F. Interestingly, these increases occurred without any significant volume traded. Sellers needed a reason to lift basis since farmers were not selling much volume on spot, especially in Brazil. Small changes in that country’s real can elicit large ones in farmer selling, and it had a significant depreciation at the beginning of the week, reaching 3.32 reals per...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.