World Perspectives
soy-oilseeds

Oilseed Highlights: U.S. Soy Exports; Growth in Soymeal Demand

Soy Export Sales Highlights Today’s USDA weekly export sales report indicated a total 1,561,000 MT of soybeans were sold to China last week. USDA also reported additional sales yesterday and today of 1,403,000 MT to that country, bringing the two-week total to 2.964 MMT. Trade sources suggest China will be making more purchases, most likely by Christmas, and note the total will be about 2 MMT. It therefore appears that China is on track to procure close to 5 MMT of U.S. soybeans. That was the lower end of the recommendation made to the Chinese government leadership, according to an article in the South China Morning Post. However, the sales may be even greater, possibly as much as the higher recommendation of 8 MMT. The Chinese purc...

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Summary of Futures

Jul 19 Corn closed at $4.41/bushel, down $0.0875 from yesterday's close.  Jul 19 Wheat closed at $5.2225/bushel, down $0.0925 from yesterday's close.  Jul 19 Soybeans closed at $9.0325/bushel, down $0.1025 from yesterday's close.  Jul 19 Soymeal closed at $316.9/short ton, down $...

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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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