Large U.S. Soymeal and Soyoil Exports Sales, Soybean Sales Slump Today's USDA Export Sales report indicated U.S. exporters last week had net export sales of 365,100 MT of soymeal and 121,500 MT of soyoil. Both were well above recent weeks' sales. However, net soybean export sales slumped to only 319,100 MT, which was 37 percent below the average of the last four recent weeks.Last week's soymeal export sales included 101,000 MT to unknown destinations, 96,400 MT to the Philippines, 33,000 MT to Ecuador, 26,000 MT to Cuba, 25,000 MT to Australia and 15,600 MT to Colombia. Smaller soymeal sales were made to Dominican Republic (12,300 MT), Guatemala (12,300 MT), Canada (10,900 MT), Panama (9,500 MT), Vietnam (9,100 MT) and a few other countr...
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.