Russian Grain Markets: 6 – 10 March 2023 Grain markets lost all hope for any bullishness due to a global bearish mood, export duties, and the upcoming spring planting campaign which requires cash. The grain export potential of Russia this season is tremendous. Sanctions are not making any major impact on grain trading directly, but indirectly insurance, vessel chartering, and lines in Bosporus are hampering export dynamics to certain extent. From the beginning of the season (July 2022), Russia exported 40 MMT of grains. The government is expecting that grain exports may go as high as 60 MMT. From 15 February until the end of the season there is a grain export quota totaling 25.5 MMT. If we are to believe the Russi...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.