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...
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.