Regional News The European and Black Sea wheat and summer crop markets are largely in wait-and-see mode regarding 2020 Northern Hemisphere supplies. Certainly, news of smaller Russian wheat crops and reductions to the EU wheat harvest have supported prices recently, but rallies have been limited as overall wheat supplies look ample. Similarly, after a rough start to 2020, European and Black Sea corn/rapeseed crops are entering the key growing season buoyed by good weather and trendline or better yields are expected. Ukraine’s 2020/21 YTD grain exports are down 57 percent at 719,000 MT. The current volume of exports includes 159,000 MT of wheat and 186,000 MT of barley, though it is unclear whether the grain is from old o...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.