News Updates EGYPT COMMENTS GASC, Egypt's main government wheat buyer, has officially dropped Ukraine from its list of approved suppliers. However, it was also mentioned that in the future Ukraine can be reconsidered for the approved list if they can meet the conditions set by Egypt. As previously reported, GASC has agreed to early shipment for their two outstanding wheat shipments in order to guarantee shipment. GASC expects to import another 1.5 million MT of wheat in the next few months and does have a long list of potential suppliers.Traders in Egypt expect that the next GASC wheat tender will be shared between the U.S. and France, as Black Sea supplies are running out and prices are becoming less competitive. Of course, the exchange...
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.