Milling Wheat The Black Sea market remained unchanged last week. Prices have been stable since July. Exporters are not pressing the market too aggressively as the Black Sea wheat is attractive enough versus other origins, and there is no threat of any kind of export restrictions this year. There are reports of quality problems in Russia. The share of milling wheat versus feed wheat in Ukraine seems to be higher than expected. It became very difficult to find offers for feed wheat.Egypt's GASC purchased a total of 235,000 MT of wheat last Tuesday. It bought 60,000 MT of Romanian at $254.88/MT, 60,000 MT of Russian at $254.50/MT and 115,000 MT of Ukrainian at $251.66/MT and $251.88/MT. The cheapest offer for French wheat was $257.80/MT...
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.