World Perspectives
feed-grains soy-oilseeds wheat

Export Sales

USDA reports for the period July 2-8, 2021 Wheat:  Net sales of 424,700 metric tons (MT) for 2021/2022 were up 46 percent from the previous week and 44 percent from the prior 4-week average. The destinations were primarily to Japan (71,800 MT), the Philippines (64,100 MT), Mexico (56,000 MT), Nigeria (47,400 MT), and the United Arab Emirates (44,000 MT).  Corn:  Net sales of 138,800 MT for 2020/2021 were down 20 percent from the previous week, but up 31 percent from the prior 4-week average.  The destinations were primarily to China (477,600 MT), Mexico (253,700 MT), Japan (191,500 MT), Guatemala (67,600 MT), and Costa Rica (29,900 MT).   Soybeans:  Net sales of 21,700 MT for 2020/2021 were down 66 perc...

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No Steel for IT; Reformulate; Thanksgiving

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feed-grains soy-oilseeds wheat

Middle East, Mediterranean, and Africa Regional Analysis

Mediterranean/Middle East/North Africa/Africa – MEA Region Iran remains the largest importer of Brazil maize at about 6.1 MMT followed by Egypt at about 5.3 MMT then Saudi Arabia at 1.5 MMT, Morocco at 1.1 MMT, Algeria at 1.0 MMT and Bangladesh at 770,000 MT. Brazil exported 29.6 MMT of m...

feed-grains soy-oilseeds wheat

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livestock

Livestock Industry Margins

Beef packer margins rose for a third consecutive week, climbing $52/head to $115 and hitting the strongest profitability since mid-2023. The gain came amid a sharp $7.65/cwt decline in live cattle prices and continued firmness in the beef cutout. The spread between the cutout and fed cattle val...

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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.

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