China Now Buying Soybeans from Argentina While China usually sources soybeans from Argentina during May-September and very few in other months, this year will be different. Because of China’s 25 percent tariff on U.S. soybeans and the dwindling available supply from Brazil, Chinese importers are now stepping up their purchases of Argentine soybeans. Oil World expects them to import about 100,000 MT in September and as many as 1.8 MMT during the September-February period. One ship loaded with 36,119 MT left for China on 18 September, and the exporter was COFCO. Although it might seem that Argentina’s soybean exporters and processors would hesitate to ship any to China after the country’s extremely poor crop in 2018, that...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.