News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS The Bangladesh government intends to import another 850,000 MT of wheat this fiscal year and expects that about 200,000 MT will be from the Ukraine on a government-to-government agreement. Total 2013/14 wheat import forecasts are 3 MMT, with country consumption level at just over 4 MMT. Current stocks held by the government are reported to be at a very low level of about 240,000 MT which is down from close to 850,000 MT earlier in 2013.FAO has indicated that 2013 Iranian wheat imports will be down by as much as 67 percent because of the very high stock level resulting from extensive 2012 imports and the good domestic production this current year. Imports could be as low as 2 MMT, whi...
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.