U.S. Soybean Exports and Sales Impacted by Larger Brazilian Sales The first two months (September-October) of MY 2017/18 for soybeans have not been very positive for U.S. exporters because of the 5 MMT increase in shipments out of Brazil versus the same period a year ago. Brazilian government data indicates 4.272 MMT were exported from that country in September against only 1.443 MMT in the same month last year with 3.87 MMT shipped in October, up 123.8 percent from that month in 2016. According to last week’s USDA export sales report, U.S. 2017/18 soybean exports through 26 October totaled 12.309 MMT versus 13.26 MMT a year earlier. Unshipped soybean export sales as of the same date totaled 18.131 MMT, down from 22.867 MMT a year a...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.