Chinese buyers continued to purchase old crop soybeans from Brazil for June-August. In contrast, the Argentine market remains very quiet, although there is the one positive note that quality seems to have stabilized with protein levels around 33-33.5 percent. Soybeans: China Returns to the Market Chinese buyers continued to purchase old crop soybeans from Brazil for June-August. The soybeans for June and July are priced at around +110SN and August is about +176SQ. Buyers need to make some purchases for the July-August period, but are finding the most cost-effective means can be difficult because of the approach of the U.S. new crop harvest. There is a huge discount for U.S. beans in the November period as they are offered at +255SX, which...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.