The GASC purchased 55,000 MT of Ukrainian wheat and 120,000 MT of Romanian origin last week, paying $207-209/MT CNF for 25 July-10 August shipment. There was no wheat from Russia sold in that tender, which is attributed to one specific problem there. Milling Wheat The FOB market in Ukraine and Russia remained about unchanged last week. A limited volume of Russian 12.5 pro wheat is offered at $185/MT FOB for July/August with buyers about $3 below that. There is talk in the market that Russia’s value-added tax (VAT) issue should be resolved soon and that would increase domestic market prices and the pace of farmer selling. The Ukrainian 11.5 pro wheat is trading at around $178/MT FOB for August. The Russian and Ukrainian crops are estimated...
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.