Milling Wheat The Russian wheat offer at the market remains unchanged from last week, but there were no reported trades or close buying interests.Egypt's GASC purchased 180,000 MT of French wheat and 60,000 MT of Romanian wheat. It paid between $303.82-305.61 for the French and $299.74 for the Romanian on a CNF basis. It was the first time since the start of the 2013/14 campaign that the GASC purchased French wheat. There was just one offer for Russian wheat at $291.87 FOB, or equivalent to $307 CNF.Lebanon bought 20,000 MT of Romanian wheat at $317.70 CNF. The lowest offer for Russian wheat was about $4 higher.The EU allocated 612,000 MT of wheat export licenses last week, bringing the total to 10 MMT versus 6.4 MMT allocated at the s...
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.