Russian Grain Markets: 24–28 July 2023 The Russian grain market was predominantly bullish and a big reason was the bombing of Ukrainian Black Sea and Danube ports followed by the Africa-Russia summit in St. Petersburg where Russia was testing the future of grain trading globally in general and with African countries in particular. Russia is encouraging “friendly” countries to switch to RUB trading or alternative currencies and has even offered some charitable food donations to loyal partners. Even the Pope encouraged Russia to reopen the Black Sea Grain Initiative (BSCI), so far without any results. No vessels were entering Ukrainian Black Sea waters because of Russia’s threats to destroy both military and me...
What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Key Takeaways: Continued domestic demand for soyoil in the U.S. will drive prices higher and create a firmer outlook for global soybean values and crush margins. U.S. soyoil prices are set to increase 13-16 percent over the next four months as the domestic demand expansion takes hold. Th...
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.