Wheat: Net sales of 312,100 metric tons for 2019/2020 were down 53 percent from the previous week and 43 percent from the prior 4-week average. Corn: Net sales reductions of 165,900 MT for 2018/2019--a marketing-year low--resulting in increases for Mexico (44,800 MT, including 30,000 MT switched from unknown destinations and decreases of 38,700 MT), Taiwan (8,900 MT), Colombia (7,200 MT, including 7,500 MT switched from unknown destinations and decreases of 1,000 MT), Barbados (2,100 MT, including decreases of 200 MT), and Canada (1,200 MT, including decreases of 500 MT), were more than offset by reductions for China (157,500 MT), unknown destinations (59,500 MT), and Japan (12,400 MT). For 2019/2020, net sales of 4...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.