Russian Grain Markets: 13-17 May 2019 Prices on the domestic market either dropped or remained stable in RUB expression but increased for some crops in USD expression due to the stronger ruble. Export prices for 2019 wheat (12.5 percent protein content) and 2018 wheat grew to $184-187/MT FOB Black Sea and $207/MT FOB, respectively, but there was hardly any trade. The average feed barley average export price fell to $180/MT FOB, while the average CPT-Black Sea port price was stable in RUB expression but increased in USD expression to $164/MT. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central and Ural (-RUB 65/MT), Volga Valley and Black Soil (-RUB 120/MT), the South (-RUB 250/MT), and Siberia (-RUB 150/MT). 4th gra...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.