Russian Grain Markets: 1-5 November 2021 The Russian grain market was very slow due to nationwide holidays. Export milling wheat average offer price grew to $332/MT FOB Black Sea. Average purchase price grew to RUB 16,350/MT CPT-port Black Sea. Feed barley average export price grew to $286/MT FOB Black Sea; average purchase price remained unchanged at RUB 14,750/MT. Feed corn average decreased to $275/MT FOB Black Sea while average purchase price was stable at 14,600/MT CPT-port. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the Southern region (+RUB 65/MT), Black Soil (+RUB 10/MT), Ural (+RUB 200), and in Siberia (+RUB 135/MT), but decreased in the Central region (-RUB 15/MT), and the Volga Valley (-RUB 35/MT); 4th grade s...
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.