The EU allocated 872,000 MT of wheat export licenses last week, bringing the total to 18.2 MMT since the start of the campaign versus 11.7 MMT a year ago. Milling Wheat The Black Sea market saw little change with very few reported trades. Lebanon bought 25,000 MT of Russian wheat at $309.67/MT CNF. Iran purchased a combination of Russian and EU wheat for a total of 500,000 MT.The EU allocated 872,000 MT of wheat export licenses last week, bringing the total to 18.2 MMT since the start of the campaign versus 11.7 MMT allocated at the same time last year. Some European traders estimate that EU exports could exceed 25 MMT this year as the imports of corn will be record-large at 13 MMT compared with 11.4 MMT last year.The Bulgarian and Romani...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.