The news late last week that GASC bought a 60,000 MT cargo of U.S. SRW seemed to cause only a brief stir in the market despite this being the first such purchase in at least a year. The agency also bought six cargoes of Russian wheat and one of Ukrainian. The U.S. SRW was priced FOB at $219/MT versus Russian wheat at $235.00. The $16 discount was close enough to cover the higher ocean freight cost from the U.S., which prompted GASC to take that 60,000 MT. However, it did not buy a second SRW cargo offered at the same price. GASC likely booked the U.S. wheat in part to remind Black Sea wheat exporters that they do not have demand from the world’s largest wheat importer locked up. We do not want to oversell the significance of a single...
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An Ankylosaurus lumbers along the shore of what’s now eastern Montana. Walking low to the ground, the dino uses its flat, leaf-shaped teeth to tear at ferns lining the water. Suddenly, a shadow looms over the herbivore—a Tyrannosaurus rex is hungry. But Ankylosaurus won’t be a...
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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.