U.S. Soymeal Exports to Face More Competition from Brazil The U.S. has faced aggressive competition in exporting soymeal from Brazil and Argentina for at least two decades. However, it appears the competition will intensify if the government of Brazil moves ahead with its plan to boost biodiesel consumption. The government of Brazil has indicated it wants to raise the mandatory blending of biodiesel with petrodiesel by 1 percentage point per year through 2023. That would result in the blending rate rising from the current level of 11 percent to 15 percent in 2023. This year Brazil is expected to produce 6.69 billion liters (1.767 billion gallons) of biodiesel. That is expected to rise to 9.7 billion liters (2.562 billion gallons) in 2023...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
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.