Milling Wheat The Black Sea market is firmer because of the stronger Russian ruble, which has rallied more than 3 percent versus the USD in one month. While domestic prices in Russia remain stable in RUB expression, the FOB price for Russian 12.5 pro wheat is up about $4-5 since the end of December. The EU exported 339,000 KMT last week, bringing the cumulative total to 11.9 MMT versus 14.3 MMT at the same time last year. This year’s export pace has been very slow due to the firmness of the EUR/USD. Algeria bought 510,000 MT of optional origin wheat last week at around $219/MT CNF. At least half of the volume sold is French wheat, and the balance could be either that or Argentine origin. The market in Romania and Bulgaria is very...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.