Milling Wheat The Black Sea market remained about unchanged last week. The domestic market in Russia is $1.00-$2.00 higher, while the FOB market is stable. Consequently, the export margin is shrinking. Weather conditions in Russia and Ukraine are currently not threatening the interior or port logistics as the winter has not really started yet. The EU exported 295,000 MT of exports last week, bringing the total to 8.5 MMT versus 10.7 MMT at the same time last year. The GASC bought 120,000 MT of Russian wheat last week at an average $207.43/MT CNF or about $1.00 less than the price it paid in the previous tender. There were no offers for Ukrainian or French wheat. The cheapest offer for Romanian origin was about $6.00 higher than the Russi...
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.