Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Black Sea wheat and corn FOB futures contracts, which are for 50 MT each, can now be traded on CME Globex with a minimum trade tick of $0.25/MT. How and if the trading volume develops well for these contracts is yet to be determined. According to reports in Egypt, the international standard of a maximum 0.05 percent ergot allowed in grains is now being applied by all government departments. The international grain trade hopes that this will now bring an end to the related problems there that had created uncertainty in the grain business for the past two years. The grain trade has commented that Egypt bought 60,000 MT of Romanian wheat solely due to the freight rate of $13.57/MT versus...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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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.