Milling Wheat The Black Sea market remained stable for the old crop positions last week. However, it was firmer for the new crop despite the ruble’s weakness, most probably due to the uncertainty regarding the size of its output. The spread (inverse) between those two crops is eroding and now at only about $7 after being approximately $15 two weeks ago. It remains generally dry over a major part of southern Russia. The wheat will be under stress with the yield potential deteriorating significantly if those areas do not receive rains in the next two weeks. The EU reported that 249,000 MT were exported last week, bringing the total to 16.6 MMT versus 21.3 MMT at the same time a year ago. The weaker EUR is making this origin more compe...
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...
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.