Soy Export Sales Highlights Today’s USDA/FAS export sales report for the week ending 29 April indicated exporters of U.S. soybeans, soymeal, and soyoil made relatively few export sales during the week. However, exports of soymeal and soyoil were better. Net soybean export sales of soybeans totaled 165,300 MT for shipment in 2020/21 and 192,900 MT for shipment in 2021/22. The sales for shipment in 2020/21 mostly were for unknown destinations (135,500 MT), Japan (55,600 MT), Malaysia (17,600 MT), Indonesia (11,500 MT), and Colombia (1,700 MT). The sales for shipment in 2021/22 were for unknown destinations (192,000 MT) and Japan (900 MT). Soybean exports last week totaled 264,100 MT. The destinations were primarily to Mexico (95,900 M...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
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.