With the Brazilian lineup growing and Chinese margins improving, soybean demand is expected to return to Argentina. The last trades were performed at 11 SN for June and 15 SN for July shipment FOB, while the CNF market was trading at 70 SN for a July cargo. Today offers are at 10 SN for May shipment. Soybeans With the Brazilian lineup growing (currently at 20 days) and Chinese margins improving, demand is expected to return to Argentina. Offers have risen almost 5 cents between last week and today. The last trades were performed at 11 SN for June and 15 SN for July shipment FOB, while the CNF market was trading at 70 SN for a July cargo. Today offers are at 10 SN for May shipment. Demand is now focused on June, July and August positions w...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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.