Regional News Algeria purchased 200 KMT of hard wheat – rumored to originate in France – at $249-250/MT C&F. Turkey issued an international tender for the sale of 100 KMT of durum wheat to be exported – not imported – from the country. The winning bid came from Viterra at $371.71/MT FOB. Milling Wheat Global wheat markets are higher this week after the sharp rally in U.S. and European futures. The markets were caught off guard by the emerging drought in southern Russia and the U.S. southwestern Plains while too much rain remains an issue for northern Europe and the UK. Yield and supply expectations for the Northern Hemisphere crop are fading and supporting values. While futures h...
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...
Can we really expect a bushel of corn to carry an environmental passport throughout the entire food system? One that reliably documents its carbon footprint, biodiversity impacts, water use, soil carbon, and other environmental attributes all the way from the farm field to the consumer? This is...
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.