Regional News Algeria bought 600 KMT of wheat in its tender that closed on Monday, buying the full volume permitted, and prices are rumored to be near $263/MT C&F. Traders suspect much of the wheat is Black Sea-origin, given the diplomatic tensions between Paris and Algiers right now. Rumors indicate that, contrary to Algeria’s 8 October tender, French traders were invited to participate in this latest tender but that they could only offer non-French wheat.Iran’s Ministry of Agriculture reports that its local wheat crop will be sufficient to meet the country’s demand for 2024/25, which will allow the country to suspend its large purchases of Russian wheat.Europe is set to see two weeks of above-average temperature and below-average...
Wheat Planting of the 2026/27 wheat crop continues at an exceptional pace, with 32.4 percent of the projected 6.5 million hectares already seeded. This represents the fastest progress for this time of year since at least the 1998/99 season. Favorable soil moisture conditions have supported rapi...
What You Need to Know Today: Non-farm payrolls rose by 172,000 jobs in May, above economist expectations of 80,000 jobs. With the job market strong, the Fed may consider raising interest rates to tame inflation. The strong jobs report was a catalyst for lower risk appetite across financial and...
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.