Milling Wheat The Black Sea market continued to remain about unchanged last week. Russia and Ukraine will return from their New Year and local Christmas holidays later this week. The weather in Eastern Europe remains very mild for the season, and the ambitious loading program of Russian wheat from the Black Sea is in line with estimates. The region’s two-week weather forecast is not calling for a sudden drop in temperatures, which are unusually high for mid-January. The EU reported that 267,000 MT were exported last week. 1.3 MMT were also added to the previous week’s cumulated export total, bringing that number to 10.6 MMT. This is a significant gap of 2.7 MMT versus a total 13.3 MMT at the same time last year. At current pri...
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.