World Perspectives
soy-oilseeds feed-grains wheat

Mercosur Regional Analysis

Soybeans Brazil The weather-driven rally in CBOT soybeans has left Brazilian basis steadily weaker. It dropped 10 cents/bushels last week, especially for nearby positions, on slight Chinese demand. Despite the CBOT’s rally, Dalian soymeal and soyoil futures are steady/lower, reducing crush margins in China. Stocks at Chinese ports are high as demand has been lower than expected, and that has pushed basis down for cash soymeal and soyoil in China. The lack of buying interest has also pressured Brazilian basis. Farmers were selling moderate volumes of soybeans last week (approximately 400,000 MT/day), giving an effective long position to the trading houses that have not been able to sell those stocks to China yet. Overall, the market...

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Summary of Futures

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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.

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