Russian Grain Markets: 24–28 June 2024 Russian grain markets are moving slowly but steadily to the end of the current season anticipating new crop pressures and global trends. Overall, the market was bearish last week, but a bigger bear seems to be ahead as the new season is only starting. This season’s harvest has shifted ahead one week because of the hot weather earlier in the season. Russian Ministry of Agriculture is reporting 1.5 Mha harvested producing 6.2 MMT of grains averaging similar yield levels as last year. Russian Grain Union forecasts grains production in Russia in 2024 at 130 MMT of which wheat is 85 MMT. With a bearish export market, domestic prices also continued falling almost across the country including Ce...
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.