A Big Week for U.S. Soybean Export Sales This has been a very big week for U.S. soybean export sales. Yesterday, USDA announced that U.S. exporters had reported selling 2.112 MMT of soybeans. This included sales of 1.93 MMT to China and 182,000 MT to unknown destinations. Today's weekly export sales report indicated that U.S. exporters sold 923,000 MT of soybeans last week. In addition, USDA today also announced exporters had reported selling 120,000 MT of soybeans to unknown destinations. The combined sales total 3.155 MMT, or 8.5 percent of USDA's forecast for total U.S. soybean exports in the entire MY 2013/14. These sales bring total announced soybean export sales for 2013/14 to 25.112 MMT, barely a half-month into the market...
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.