The demand for feed wheat at current prices is difficult to find as corn is about $10-20 cheaper. In Spain, the spread between Brazilian corn and Bulgarian feed wheat is even wider. Milling Wheat The Black Sea market followed the trend of the U.S. futures’ markets to a limited extent. Ukrainian 11.5 pro and Russian 12.5 were up about $3 for the week. The value-added tax (VAT) problem in Russia is still not resolved, and the domestic market is slightly firmer in RUB expression despite the approaching start of harvest. While the Black Sea wheat is now by far the cheapest origin, local farmers are still reluctant to sell at current prices.The EU exported 123,000 MT last week, bringing the total to 23.3 MMT. The campaign’s final n...
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.