In round one of Brazil’s presidential election yesterday, none of the 13 candidates garnered the necessary 50 percent of the vote. Now the top two vote-getters, Jair Bolsonaro (46 percent) of the Social Liberal Party and Fernando Haddad (29 percent) of the Workers Party, will face off on 28 October. The matchup is a classic right/left run-off. The outcome will depend on how much of the remaining 25 percent of the electorate that did not vote for one of the two final candidates is likely to swing toward Haddad or Bolsonaro. However, perhaps this campaign is most unique for the way that it is playing out with one of the two candidates not on the campaign trail and the other without his name on the ballot. Haddad, the former mayor of S...
Soybeans Market Overview After many weeks of almost no activity in Brazil and little activity in the U.S., this week kicked off with a lot of activity in the U.S. soybean market. Once again, the sole buyer was Sinograin/Cofco, acting on behalf of the Chinese Federal Reserve, which purchased a t...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
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.