Soybeans Last week was special as China suddenly allowed an unspecified volume of U.S. soybeans to be imported without their recent tariffs. The quota was different than previous ones as it applied to private companies as well as the state-owned COFCO and Sino Grain. China’s purchases were executed CNF from the PNW at 134X-138X – levels that were well below any Brazilin offers. In fact, early last week the Brazilian FOB market was offered at 135X and the CNF market was 235X. Basically, Brazil was $1.00/bushel more expensive than the U.S. PNW. The crush margin for Chinese companies purchasing those cargoes was over $30/MT, meaning the trades were a very good deal for them. Brazil The impact of the tariff-fre...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.