Dry bulk freight rates cratered this week as China started its Golden Week holiday, which blanketed markets with calm and quiet. Pacific markets were especially dull and weaker, especially amid doubts about how China’s grain demand will play out after the holiday. China still has not booked U.S. grain cargoes for October-December and appears to be waiting for the Brazilian soybean harvest to arrive. As WPI wrote recently, China likely cannot avoid U.S. soybeans fully for the next four months, but will be able to purchase only minimal volumes. Capesize markets started their decline on the last day of September and have since plunge lower following rumors of a ban from China on BHP iron ore purchases, and possibly FMG as well. The...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.