The EU has now allocated 22.7 MMT of wheat export licenses versus 15.1 MMT a year ago, and its wheat balance will be dangerously tight at the end of the campaign if the final total approaches 26 or 27 MMT. Milling Wheat The Black Sea market remained mostly unchanged last week without any major trades reported. Shipments from Russian and Ukrainian ports continue without significant disruption from the political tensions. Weather conditions are generally favorable in Eastern Europe for the winter wheat development and spring wheat plantings.Algeria purchased 300,000 MT of French wheat last week at around $317/MT. Tunisia bought 50,000 MT of optional origin wheat for about the same price as Algeria paid. The Tunisian sale price was con...
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.