The milling wheat market in the Black Sea is firmer due to the stronger ruble and increasing demand from one particular country. Meanwhile, Algeria is in the market for optional origin wheat for February shipment, and there are three competitors at today's prices. Milling Wheat The Black Sea market is firmer due to the stronger ruble and increasing demand from India. That country has now removed its wheat import tax, which it had lowered to 10 percent in September, in an effort to stimulate more imports in the coming months and stop the domestic wheat price escalation.The weather in Ukraine and Russia is generally favorable for winter wheat development. However, the arctic cold is reaching some regions that do not yet have an adequate sno...
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.