The milling wheat market in the Black Sea is firmer due to the stronger ruble and increasing demand from one particular country. Meanwhile, Algeria is in the market for optional origin wheat for February shipment, and there are three competitors at today's prices. Milling Wheat The Black Sea market is firmer due to the stronger ruble and increasing demand from India. That country has now removed its wheat import tax, which it had lowered to 10 percent in September, in an effort to stimulate more imports in the coming months and stop the domestic wheat price escalation.The weather in Ukraine and Russia is generally favorable for winter wheat development. However, the arctic cold is reaching some regions that do not yet have an adequate sno...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.