The combination of the lower U.S. corn price and a firmer EUR versus the USD raised the theoretical import levy to about €5/MT. The actual levy is currently at zero, but that will automatically change if the theoretical meets a certain condition. Milling Wheat The Black Sea market remained about unchanged last week. Offers for Russian 12.5 protein remained in the mid-$180s FOB Novorossiysk, and the offered volume was limited. The weather in Ukraine and southern Russia is favorable for winter wheat development. Farmers in Russia’s northern regions are starting to plant spring wheat in accordance with the normal seasonal schedule.The Egyptian GASC purchased 60,000 MT of French wheat in last week’s tender at $192.34 CNF. A cargo of Ukrainian...
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...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.