Argentina again traded a full May shipment last week at +99 SN CNF China, a decrease from the last trade at +110 SN for an April shipment. Considering that Brazilian beans for April and May shipment are quoted at 65-70 SK, Argentina should be offered somewhere close to 20 SN to be competitive. Soybeans The trend in global markets seems to have changed as they appear to have found a bottom and are gradually rising after dropping nonstop. China was actively buying beans, giving good support to the market. In any case, most of the movement was in the U.S. where the Gulf (USG) and Pacific Northwest (PNW) have been selling and shipping constantly.In fact, due to the excellent weather that allowed grain loadings and aided the huge export progra...
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.