The Black Sea market is firm as offers are difficult to find and also nervous about possible cancellations (force majeure). Milling Wheat The Black Sea market is firm as offers are difficult to find. Ukraine has already exported 8 MMT from a total surplus estimated at 9.5 MMT. Approximately 1 MMT of the remaining 1.5 MMT are already committed as are about 1 MMT of Russian wheat. The market is nervous about possible cancellations (force majeure), depending on the logistical constraints or sanctions that may affect exports from the Russian and Ukrainian ports.Egypt's GASC has been quiet since its last tender on 27 February. The market is talking about a potential tender for 300,000 MT in the coming days. If it materializes, this would proba...
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.