Soy Export Sales, Large Soybean Sales to China and Elsewhere The last two weeks have seen very large sales of U.S. soybeans to China and other destinations for export in MY 2021/22. This is the time of the year U.S. exporters normally report large new-crop soybean export sales, so the sales are not a surprise, but clearly are a positive signal to the sector. Today’s USDA export sales report for the week ending 12 August indicated exporters reported net sales of soybeans totaling 67,700 MT for shipment in 2020/21 and 2,142,100 MT for export in 2021/22. The top sales for 2020/21 were for China (92,300 MT), Taiwan (12,300 MT), Japan (11,200 MT), Vietnam (11,200 MT), and Indonesia (7,600 MT). Those sales and others were partially offset...
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.