South Korea purchased 125,000 MT of optional origin feed wheat for July/August shipment at an average price of $188.50/MT CNF, reflecting about $160/MT FOB for the most likely source. Ukrainian new crop will need to find destinations in Asia because of one particular factor. Milling Wheat There were no trades reported in the Black Sea FOB market last week. The Russian domestic market lost another 100-200 RUB (approximately $1.75-3.50) last week, but the FOB market remained about unchanged because of the ruble’s strength versus the USD. The new crop Russian 12.5 pro is offered at $174/MT FOB for August or about $15 cheaper than the old crop for April shipment. Ending stocks are projected to be record-high this year, and the big inver...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.