Milling Wheat The Black Sea market continued to remain about unchanged last week. Russia and Ukraine will return from their New Year and local Christmas holidays later this week. The weather in Eastern Europe remains very mild for the season, and the ambitious loading program of Russian wheat from the Black Sea is in line with estimates. The region’s two-week weather forecast is not calling for a sudden drop in temperatures, which are unusually high for mid-January. The EU reported that 267,000 MT were exported last week. 1.3 MMT were also added to the previous week’s cumulated export total, bringing that number to 10.6 MMT. This is a significant gap of 2.7 MMT versus a total 13.3 MMT at the same time last year. At current pri...
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...
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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.