Milling Wheat The Black Sea market remained about unchanged last week. Domestic prices in Russia continue to rise in the south (close to the ports) while declining in Siberia and the Urals. USDA boosted its estimate for the Russian crop by 1 MMT to 82 MMT, but exports were left unchanged at 32.5 MMT. The EU exported only 10,000 MT last week, bringing the total to 5 MMT versus 7.7 MMT at the same time last year. That gap is widening every week, and it seems increasingly unlikely that the EU will achieve the same export number as last year. USDA is even projecting exports at 28.5 MMT, up 1.2 MMT from last year. With the weaker EUR and the break of the MATIF futures last week, EU wheat started to become competitive against Russian/Ukrainian...
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.