The Bulgarian feed wheat price has increased sharply since last week as it followed the MATIF wheat futures rally. Consequently, the spread between that and another feed grain CIF Spain has widened, which will certainly impact consumer demand. Milling Wheat The Black Sea market remained about unchanged last week. The farmer selling in Russia and Ukraine is very slow as is customary before the start of the harvest, which is expected to begin in the southern regions in about two weeks. The weather remains unstable in southern Russia with excessive rains that could affect the yield and quality of the wheat if they persist during the harvest period.Tunisia purchased 25,000 MT of optional wheat last week at $189.95/MT CNF for August shipment...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.