Based on CNF prices, Brazil's soybeans traded for June at $1.06N China and for July at $1.17N. Eexporters there are checking export margins daily to determine if it is better to sell corn or soybeans, but both suffer from the same problem. Soybeans Argentina The soybean harvest is approximately 92 percent complete, totaling 53.5 MMT to date with an average national yield of 3.2 MT/hectare. As a result, experts maintain their projections of 57.5 MT for the 2016/17 campaign, 1.5 MMT more than the last campaign and the second-biggest crop in Argentine history after the 61.5 MMT in 2014/15. The remaining area to be harvested is mainly to the center and south of Buenos Aires and the northern provinces (Salta Tucuman, Santiago del Estero, Chac...
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.