Regional News China approved wheat and soybean imports from Russia’s Kurgan region, according to an official Chinese statement made on Friday. China already approves wheat imports from six other Russian regions. The move comes in response to the U.S.-China trade war that has cut China’s former top soybean supplier (the U.S.) from the market. Russia is not a major soybean producer in terms of world production but has been expanding its soybean acreage steadily. Russia is, of course, the world’s top wheat exporter. The CME Group has announced the pending launch of a new Black Sea Sunflower Oil futures contract. The contract, scheduled for launch on 26 August, will be cash-settled to data from Platts and will compleme...
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
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.