Russian Grain Markets: 1-5 August 2022 Russia’s harvest campaign continues. As of the first week of August, reports show 56.5 MMT of grains harvested which is 8 MMT behind last year. Grains and legumes are harvested from 13.3 Mha which is 7 Mha behind last year at this time. Yields are much better this year showing 4.26 MT/ha versus 3.18 MT/ha. Specifically, wheat harvest progress shows 48.9 MMT which is in line with last year, however, wheat was harvested from 11 million ha versus 14.3 Mha a year ago. Barley harvest progress is 5.8 MMT versus 10.9 MMT, however, barley was harvested from 1.4 Mha versus 3.9 Mha. Barley yield is 4 MT versus 2.83 MT/ha a year ago. Russian Minister of Agriculture, Dmitriy Patrushev, is concerned that R...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.