The market in Bulgaria and Romania is slightly more active due to the price rally of Russian and Ukrainian wheat. Romania sold a cargo to Egypt’s GASC, and the Bulgarian feed wheat is now the cheapest origin for the Spanish Mediterranean ports. Milling Wheat The Black Sea market was significantly firmer last week as a result of slow farmer selling and the stronger Russian ruble. Russian wheat is about $15 higher from the lows of mid-September when the exchange rate was around 69 rubles per USD. Today, it is 61 rubles or approximately 12 percent higher. The drought threatening the winter wheat’s early development in eastern Ukraine and western Russia remains a concern, but there is rainfall in the regional forecast for next week.The EU all...
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.