The U.S. 2013/14 soybean year will be unique in a number of ways. One of its most unusual elements will be record-large imports with a majority of the final total supplied by Brazil.Although every U.S. soybean crop year produces a trickle of soybean imports, they have never been more than a minor statistical line in the supply side of the soybean supply/demand balance sheet. Typically, the yearly volume of U.S. soybean imports has ranged between 15-35 million bushels with almost all coming across the border from Canada. Not surprisingly, those imports tend to rise during years of soaring U.S. soybean prices and fall back during the years when prices are not so high.Historically, U.S. soybean imports have had little, if any, identifiable imp...
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
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.