Milling Wheat The Black Sea harvest pressure seems to be over. Farmers' selling has decreased significantly as the majority of the winter wheat has already been harvested. The Black Sea remains the most competitive origin for Mediterranean and Middle Eastern destinations. Demand from the major importing countries is currently rather slow, which keeps the market stable, although it usually accelerates in September and October. The Russian government is expected to start purchasing wheat in October for rebuilding the reserve stocks, and they may buy up to 7 MMT of grains this year. The farmers in general are not very satisfied with the wheat prices and will try to defer the selling of their wheat stocks as much as possible. All of the ab...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.