Russian Grain Markets: 20–24 November 2023 Russian markets remained quite volatile, however, the Asian area finally stabilized because Kazakhstan seems to have replenished their stocks for the moment. The Siberian market is stable and although prices for 3rd grade milling wheat are still better than in Russia, if you add the freight, logistics, etc. prices are most likely similar to Russian wheat prices and then excessive amounts of wheat will have to be moved elsewhere or processed domestically. Unlike Kazakhstan, Russia has a record wheat crop for the second year in a row. Beginning 1 December, Russia may impose a durum wheat export ban for six months. Even though the percentage of durum wheat produced is miniscule, this may...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
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.