It is hard to predict large Chinese cancellations of U.S. soybean purchases when the country is buying more than it is canceling. China Testing U.S. Soybean Cargoes for Unapproved Biotech Corn Event The word out of China is that the Guangdong provincial government is now testing cargoes of soybeans imported from the U.S. to determine if they contain traces of the unapproved Syngenta corn event MIR 162. Heretofore, the Chinese government has blocked imports of some cargoes of U.S. corn and DDGS because they were found to contain the unapproved Syngenta corn. Evidently, though, this is the first time cargoes of soybeans have been tested for the corn event. Three cargoes totaling about 180,000 MT have apparently been unloaded and are being t...
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.