The corn situation in Argentina is not improving yet, and some are starting to think that the lineups will not ease until at least the end of July. Meanwhile, local prices are still very high compared with the FOB. For nearby shipments, origination is more than +130 CN and FOB is offered at 90-95 CN. Soybeans Soybean exports had a quiet week in Argentina. It is difficult to find any offers there or in Uruguay. Nominal levels for June cargoes are at 35 SN, while July should be trading in the low 40s and August at 50 SN. Offers on the CNF have a big discount versus FOB parity. June was offered at 70 SN (FOB equivalent +7 SN) and July at 80 SN CNF China this week. The CNF market was also discounted from the FOB market last week. It seems tha...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.