Each week, the trade expects to see the cancellation of outstanding export sales of soybeans to China. Instead, however, there are even more sales to China and no cancellations or deferrals. U.S. Soy Export Sales Continue Growing Each week, the trade expects to see the cancellation of outstanding export sales of soybeans to China. Instead, however, there are even more sales to China and no cancellations or deferrals. This clearly was the case with today's USDA export sales report.Today's report indicated that total net new sales of U.S. soybeans last week were 577,000 MT, 25 percent above the past four-week average. Sales to China totaled 436,400 MT with 184,900 MT of that offset by shifts from unknown and a small cancellation. Exports of...
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.