Russian Grain Markets: 22-26 October Domestic grain prices continued to rise except for corn as well as milling rye in some regions. However, the rate of growth was slower than the previous week due to a slight downward trend on the export market. Milling wheat export prices fell $1/MT on average to $232/MT FOB Black Sea, and purchase prices at seaports decreased in RUB expression but remained stable in USD expression at $200/MT CPT-Black Sea port. Feed barley export prices dropped $1/MT to average $237/MT FOB, but the average purchase price grew to $205/MT CPT-Black Sea port. Corn export prices decreased to an average $183/MT FOB. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in Central and Siberia (+$1.80-2.00/MT), the South...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.