Wheat: Net sales of 286,600 metric tons for 2019/2020 were down 53 percent from the previous week and 47 percent from the prior 4-week average. Increases were primarily for Mexico (146,900 MT, including decreases of 2,800 MT), Colombia (57,400 MT, including 26,500 switched from unknown destinations), South Korea (53,600 MT), Ecuador (41,800 MT, including 24,000 switched from unknown destinations), and Chile (36,300 MT, including 33,000 MT switched from unknown destinations). Reductions were primarily for unknown destinations (89,700 MT) and the Philippines (20,000 MT). Exports of 509,300 MT were up 26 percent from the previous week, but down 1 percent from the prior 4-week average. Corn: ...
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.