China Deciding What to Do with Unshipped U.S. Soybean Purchases Now that trade negotiations with the U.S. have broken down, the Chinese government is apparently now deciding what to do with the more than 7 MMT of unshipped soybeans it has purchased from the U.S. Unconfirmed reports indicate China’s National Development and Reform Committee is the body making the decision, which will have a significant impact on the U.S. soybean sector. Rumors indicate the three options being considered are cancelling cargoes, shifting the purchases to MY 2019/20 or importing the soybeans for storage in the national reserve. Most, if not all, of the outstanding unshipped soybeans were purchased by either COFCO or Sinograin, both state-owned companies...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.