The demand for feed wheat at current prices is difficult to find as corn is about $10-20 cheaper. In Spain, the spread between Brazilian corn and Bulgarian feed wheat is even wider. Milling Wheat The Black Sea market followed the trend of the U.S. futures’ markets to a limited extent. Ukrainian 11.5 pro and Russian 12.5 were up about $3 for the week. The value-added tax (VAT) problem in Russia is still not resolved, and the domestic market is slightly firmer in RUB expression despite the approaching start of harvest. While the Black Sea wheat is now by far the cheapest origin, local farmers are still reluctant to sell at current prices.The EU exported 123,000 MT last week, bringing the total to 23.3 MMT. The campaign’s final n...
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.