Russian Grain Markets: 18 – 22 November 2024Russian Vice Premier Dmitri Patrushev is confident that Russia will export up to 60 MMT of grains this season. According to Mr. Patrushev, the gross grain production this season will reach 130 MMT in standard weight, of which 83 MMT is wheat. The Vice Premier believes that Russia will be able to sell between 55 and 60 MMT of grains to foreign markets.He believes that the main reason Russia produced a lower crop was adverse weather including frosts in the spring, drought in the summer, and heavy rains at harvest time. However, he is happy with the final result. A week ago, Mr. Patrushev was only confident in producing 130 MMT of grains in bunker weight.Most likely we will see increased exports of w...
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.