Mediterranean/Middle East/North Africa/Africa – MEA Region Syria reports that the wheat collected in the North/East region since 5 June is at 282,000 MT. The government adds that the wheat received this year is of lower quality due to low rainfall and high temperatures. Yemeni Houthi rebels have attacked a bulk carrier off Yemen in the first attack since December. Due to damage the crew had to abandon the vessel. This new attack will probably make ocean freight lines look very closely at any plans to transit the Red Sea once again. Moroccan wheat farmers will benefit in the future from planting the newly developed “Jawahir” durum that is reported to have very good performance in extremely dry conditions – as ha...
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.