The CBOT followed the higher trend it established earlier this week with still more bullish news emerging to close the week. First off, the weather remains challenging for the U.S., South America, and Europe and, secondly, Russia’s 2024 wheat crop and exports saw another downward revision this week. The 2024 crop year, which started off looking at abundant supplies, is now facing a strong possibility of some shortages emerging, or at least tighter supplies. This has run afoul of managed money funds’ huge short positions, which they are now scrambling to cover. The CBOT’s trade this week has not only seen short covering but also indications of fresh long buying, which points to the possibility of an extended rally. As WPI h...
What Matters Today... Fed holds rates steady as inflation uncertainty tied to the Iran conflict pressures equities and supports broader commodity risk premia Biofuel demand accelerating globally, with U.S. imports of used cooking oil and strong soyoil demand reinforcing upside across the soy c...
Russian Grain Markets: 20-24 April 2026 During the week in review, the Russian grains market remained volatile with a broadly bullish undertone. However, it remains too early to determine whether this shift is being driven by geopolitical factors or short-term positioning. The market continues...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.