The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Milling Wheat The Black Sea market was active last week as a significant volume of Russian wheat changed hands. A majority of the trades were between multinational trading houses with some covering short positions and others taking profits. Russia's farmers have not yet started to actively sell the new crop. The harvest in the country's southern region is delayed by 10-15 days due to the rains during the second half of June. The Russian 12.5 percent protein wheat traded in a wide price range last week following the...
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.