Regional News Ukraine’s agricultural product exports to the EU rose 10 percent in the first seven months of 2021 compared to the same period in 2020. Since the start of MY 2021/22, Ukraine has exported 4.61 MMT of cereal grains, up 10 percent from the same period in 2020. Of that, 1.82 MMT of wheat have been shipped, along with 1.62 MMT of barley, and 1.15 MMT of corn. Ukraine’s government projects the country’s 2021/22 grain export program could total 56 MMT, including 20.7 MMT of wheat, 30.7 MMT of corn, and 4.1 MMT of barley. Rusia’s SovEcon lowered its assessment of the 2021 Russian wheat crop by 0.2 MMT to 76.2 due to persistently low yields. Milling Wheat Global wheat markets are re...
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
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.