Regional News Planting progress and crop conditions for 2023/24 crops in EU are broadly favorable with weather forecast offering comforting outlooks for producers. This took away much of the “weather premium” that was previously bid into prices and led to weaker markets last week. Additionally, the renewal of the Black Sea export corridor deal has put markets, especially wheat, on the defensive so far Monday. On Monday, Russia proposed a new scheme for how payments for foreign trade will be made. The proposal indicates trades for grains and other agricultural products will be paid via the national clearing center, which would effectively protect the country from further tightening of sanctions. Last week, Turkey p...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.