Regional Updates MIDDLE EAST/ MIDDLE EAST COMMENTS The press in Russia reports that talks are underway with Libya regarding the purchase of 1 MMT of Russian wheat, both milling and feed wheat, at a cost of approximately $700 million. Although no agreement has been reached, Libya does require that level of volume. The Russian government also reports that Algeria is very interested in a supply of wheat. A trial lot will be inspected by its officials in Russia and then, if accepted, shipped to that country for local import inspection and approval. Most of its wheat imports tend to be from France, but Russia hopes to be allowed to take part in its wheat tenders. Russian wheat is currently prohibited because it does to meet Algerian bug damag...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.