China to Consolidate State-Owned Soy Crushing Firms Bloomberg reported today that the Chinese government plans to force two state-owned agricultural firms to consolidate many of their assets. The plan calls for COFCO to incrementally take over the trading and oilseed processing assets of Sinograin, which is in charge of the country’s grain reserves. The domestic oilseed processing plants currently controlled by COFCO have annual capacity of 21.8 MMT, substantially greater than that of second place Wilmar. That will expand to at least 28.3 MMT once it is combined with Sinograin’s approximate 6.5 MMT capacity, which will make COFCO the largest oilseed processor in the country. Its crush in 2018 and that of Sinograin totaled 15.9...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.