The remaining exportable wheat surplus in Serbia totals about 800,000 MT with approximately 500,000 MT exported since the start of the campaign. Despite the low prices, farmers started selling their stocks in recent weeks as they still have a great deal to trade, and the new crop is coming in just five months. Milling Wheat The Black Sea market is under pressure in sympathy with French, German and UK wheat. The 11.5 percent protein Ukrainian origin dropped about $6 from last week, mainly due to the lower UAH versus the USD. The offered volume of Russian 12.5 percent protein is limited and priced only about $2 lower than the week before.Egypt’s GASC purchased 300,000 MT of wheat last week at the average price of $185.46, approximately $8 l...
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.