Russian Grain Markets: 27 November–1 December 2023 Russian markets finally broke the bear which has been present almost since the beginning of the new season. High quality milling wheat is unmistakably bullish; the main factor is a lower share of high-quality milling wheat even though wheat stocks are huge. The Siberian bull, however, is cooling down as Kazakhstan replenished its stocks which is unusual for Kazakhstan, traditionally an exporter not an importer. The main driver in European Russia is export demand plus the government’s announcement to begin a purchasing campaign 11 December. The Ministry of Agriculture is promising to increase the volume of intervention purchases to 2 MMT; this will support both prices and dome...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
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.