The GASC purchased 55,000 MT of Ukrainian wheat and 120,000 MT of Romanian origin last week, paying $207-209/MT CNF for 25 July-10 August shipment. There was no wheat from Russia sold in that tender, which is attributed to one specific problem there. Milling Wheat The FOB market in Ukraine and Russia remained about unchanged last week. A limited volume of Russian 12.5 pro wheat is offered at $185/MT FOB for July/August with buyers about $3 below that. There is talk in the market that Russia’s value-added tax (VAT) issue should be resolved soon and that would increase domestic market prices and the pace of farmer selling. The Ukrainian 11.5 pro wheat is trading at around $178/MT FOB for August. The Russian and Ukrainian crops are estimated...
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.