Soybeans Brazil reacted quickly to the weakness of the real which dropped from 2.25 to 2.4 reals/USD and the rise of CBOT levels. Farmers sold large quantities of new crop soybeans at more than 1 MMT per day in the past week. They have already sold about 15 percent of their 2013/14 crop. Although that is less than normal for this time of year, the volume is well above that of Argentina where farmer selling does not reach even 1 percent in price. Brazil also sold at least 3MMT of soybeans FOB and CNF to China. February traded at +190-187SH for all Brazil and +194-200SH for north ports, CNF north China. FOB market traded at +100SH for north Brazil and some at 6 cents discount for south China. Demand remains for February at +190SH C...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.