The excessive rains in Bulgaria and Romania may result in a larger share of feed versus milling wheat this year. In 2013/14, both countries exported about 3 MMT (combined) of feed wheat from a total 7 MMT, but that share could reach over 4 MMT in 2014/15 of an estimated 7.5 MMT surplus. Milling Wheat Black Sea prices continue to erode under the pressure of the approaching harvest. The weather conditions in Russia and Ukraine may not be ideal everywhere, but there are no significant concerns about the crops.The EU allocated 464,000 MT of wheat export licenses last week, bringing the total to 27.2 MMT versus 18.4 MMT allocated at the same time last year.Egypt's GASC purchased 120,000 MT of Romanian and 60,000 MT of Russian wheat at CN...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
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.