Russian Grain Markets: 25 December 2017-10 January 2018 Market Trends Market activity was slow with insignificant changes in prices. Key grain prices either grew slightly or remained unchanged in RUB, and they all increased slightly in USD due to strengthening of the ruble. On the export market, milling wheat prices rose +$2/MT to $192/MT FOB Black Sea. The range of purchase prices at seaports remained unchanged at $175-189/MT CPT-Black Sea port. Feed barley prices amounted to $192/MT FOB Black Sea and $181/MT CPT- Black Sea port. Corn prices remained at $166/MT FOB Black Sea and $143/MT CPT-port Black Sea. GEOGRAPHICALLY 3rd grade soft milling wheat prices rose in the South and Volga Valley (+$ 0.20/MT) as well as Ural (...
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.