U.S. Soy Export Sales Highlights Export sales for the week ending 28 March were significantly higher for U.S. soybeans, and they were also up for soymeal and soyoil. However, it will take several similar weeks for U.S. soy exports to reach USDA’s forecasts for 2018/19. Net soybean export sales for 2018/19 shipment totaled 1,971,700 MT, the highest ever for the last week of March. Sales to China totaled 1,700,100 MT or 58,100 MT more than the two large sales separately reported by USDA on 29 March and 1 April. The other top sales were to Indonesia (91,500 MT), unknown destinations (65,200 MT), South Korea (59,600 MT) and Taiwan (30,600 MT). They were partially offset by reductions for Argentina (-40,000 MT), Egypt (-1,800 MT) and Pak...
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.