It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB. Meanwile, farmers in Romania and Bulgaria are concerned about low prices as they still hold large stocks. Milling Wheat The Black Sea market remained about unchanged last week. The liquidity in the export market in Russia and Ukraine is shrinking. It has become difficult to find offers for Russian 12.5 protein wheat below $180 FOB, while German wheat with similar quality is offered at $175 FOB.Egypt’s GASC held four tenders during the past three weeks and cancelled two of them, claiming that the offered prices were too high. It purchased 60,000 MT of Romanian wheat at $190.88 ten days ago. T...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.