Regional News Reports from Russia suggest that nearly one-quarter of the winter wheat crop is in poor condition, the highest such rating since 2013. Chinese buying continues to tighten EU grain supplies and push prices higher. Chinese buyers have been especially aggressive on French wheat and barley purchases. Turkey purchased 340,000 MT of 12.5 percent protein milling wheat at an average price of $266.70/MT from Russia for January shipment. Turkey’s 2020/21 wheat purchases currently total 2.2 MMT, up 135 percent from this time last marketing year. Delivery of wheat to Egyptian ports totaled 1.22 MMT in November, down 12 percent from October as high prices have started to ration consumption. Milling Wheat&...
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.