Regional News Egypt raised the price of wheat it buys from its farmers by 20 percent to $323.90/MT after January-March imports totaled 23 MMT (up 13 percent) and hit a new record high. Algeria is reported to have purchased 400-450 KMT of durum wheat most likely sourced from Mexico and Canada at prices of $412-430/MT CNF for May-June delivery. The Food Agency of France is pushing for a ban on the use of the insecticide Phosphine in cereals crops. Such a move would make it more difficult for the country to export grain to African countries, where treatment is required for import. Barley prices have pushed lower, reportedly, because of this effort. Slovakia has announced it will ban the import of Ukrainian grain and...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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...
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.