Reports indicate Chinese soybean importers have defaulted on 10 or more cargoes of U.S. and Brazilian soybeans, fewer than in 2004 when buyers forfeited up to 30 cargoes and cost exporters close to $700 million. Chinese Importers Default on 10 or More Soybean Shipments Reports indicate Chinese soybean importers have defaulted on 10 or more cargoes of U.S. and Brazilian soybeans. Three of the companies are located in Shandong province. About half of these shipments are already at Chinese ports and unable to be unloaded, while five-six cargoes are en route to China. The total volume of soybeans involved is over 500,000 MT with more defaults likely in the future. The main reason that the companies are forfeiting soybean shipments is the curr...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.