There was an FOB cargo of soybeans traded in Santos this week at +55 or 56 SK for April, while paper was bid at +50 SK. This seems to indicate port premiums are around 5 cents or less for Santos, which is incredibly low for that port. Soybeans Brazil’s soybean market is moving in a very particular direction. While paper Paranagua is becoming increasingly stronger, the FOB and CNF markets are not. The spread or difference between the paper Paranagua levels and the FOB levels for cargoes in Brazil formulate the port premiums. Paper Paranagua trades are always executed as a parcel in Paranagua without any load rate (just CQD). The port premiums reflect the difference between CQD and a cargo with 8.000 satafshex load rate plus the difference...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.