Russian Grain Markets: 10–14 July 2023 The Russian grain market was driven purely by a weak RUB which was registered from the beginning of the month. Even though the reference price dropped, the government increased the export duty for wheat probably speculating that prices will grow anyway because Russia has no intention of continuing the BSGI (Black Sea Grain Initiative), at least in the previous format. Russia has been demanding the release of certain sanctions and was furious that Black Sea grain is feeding not only Africa and “poor” countries but also goes to “rich” Europe. Russia calculated each vessel trying to prove that grain should only go to the poorest nations. Of course, this is Russia&rsqu...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
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.