Russian Grain Markets: 21-25 May 2018 The average milling wheat export price remained stable at $212/MT FOB Black Sea, and purchase prices at seaports were also steady at $200-204/MT CPT-Black Sea port. Meanwhile, 2018 wheat prices averaged $205/MT FOB. The average feed barley export price fell $1/MT to $205/MT FOB, and the average purchase price was $187/MT CPT-Black Sea port. The average corn export price again dropped $2/MT to $198/MT FOB Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices fell in the South (-$1.10/MT) but grew in Central and Black Soil (+$3.40-4.00/MT), Volga Valley and Ural (+$4.70-4.90/MT), and Siberia (+$12.70/MT). 4th grade wheat prices remained unchanged in the South but increased in Central and Black...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
Key Takeaways: Dry bulk markets are mixed this week with larger vessel classes seeing strong demand from iron ore and coal while Supramax and Handysize rates remain steady. Congestion at the Panama Canal has eased but forward booking slots are showing signs of bottlenecks as draft levels...
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.