Milling Wheat Black Sea harvest pressure seems to have stopped for the moment with prices a bit firmer. Russia's crop may be slightly smaller than the 50-52 MMT previously estimated, and its government intends to purchase 5-7 MMT of wheat for refilling the reserves, which will certainly affect the domestic market.The Egyptian GASC purchased 120,000 MT of Romanian wheat at $252.34/MT and 120,000 MT of Ukrainian wheat at $252.50/MT last week. The spread between the Black Sea and French wheat is narrowing with less than $7.00 premium for the French. This may result in the GASC beginning purchase of French wheat in the coming tenders.The EU allocated 566,000 MT of wheat export licenses last week bringing the total to 1.6 MMT since the star...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.