New crop (July/August) feed wheat is offered at $170 FOB in Ukraine and Bulgaria. Bulgarian origin has a €12 advantage over the Ukrainian to EU destinations as the latter is subject to the import levy under the Tariff-Rate Quota (TRQ) and thus likely headed mainly to Southeast Asia. Milling Wheat The Black Sea market was quiet last week in the absence of farmer selling as the old crop export program from Russia and Ukraine is almost over. The available volume of old crop 12.5 pro Russian wheat is very limited, and that of the new crop (July/August) is offered at $180 FOB or about $15 discount to the old crop. The buyers/consumers are still reluctant to start buying new crop positions as they expect the harvest pressure to push prices sign...
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.