The Russian Ministry of Agriculture lowered its 2015 grain production forecast from 100-103 MMT to 100-101 MMT. The export volume is estimated at 30 MMT. Russian Grain Markets Harvest Update 93.2 MMT of grain were harvested from 38.4 million hectares (81.7 percent of the target) as of 28 September 2015 compared with 96.1 MMT from 38 million hectares as of the same date a year ago. This specifically included 60.3 MMT of winter and spring wheat from 23.4 million hectares (87.1 percent of the target) and 17.3 MMT of winter and spring barley from 7.6 million hectares (85.3 percent of the target). Also produced were 4.2 MMT of corn from 833,100 hectares, 4.3 MMT of sunflower seed from 2.4 million hectares (35 percent of the target), 804,400 M...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.