Milling Wheat Wheat prices are steady/lower across Europe and the Black Sea to start the week with export competition and the advanced harvest progress keeping the markets on the defensive. Russian wheat prices were lower last week and are continuing that trend this week under strong export competition from Romania, and Ukraine. Russia’s Central and Volga regions are unusually cold and wet presently, which will likely dampen yields and lower the crop’s quality. Analysts have continually lowered their expectations of Russia’s wheat crop this year due to challenging weather. The USDA’s August WASDE lowered Russian wheat production from 74.2 MMT to 73 MMT due to dry conditions in the country. The country’s...
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.