Milling Wheat The Black Sea market again remained about unchanged last week with no major trades reported. The Russian 12.5 pro price has found a stable balance for the moment. It doesn’t need to go lower to vie with other origins of similar quality as only Argentina appears to be competitive. However, the freight disadvantage versus the Black Sea to most destinations is at least $10. On the other hand, the Russian wheat cannot afford to lose demand, and therefore the upside potential is very limited. The EU exported only 128,000 MT last week, bringing the total to 8.8 MMT versus 11.3 MMT at the same time last year. If the pace remains this slow in coming months, most analysts will have to lower their EU export estimates, which are...
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.