Milling Wheat The Black Sea market remained about unchanged last week. Russia continues to export about 1 MMT of wheat per week, and the total since the start of the campaign is nearing 20 MMT. Winter is approaching, and the expected freeze in about a week could complicate interior logistics as well as slow the export pace. The USD has rallied sharply against the EUR today. Consequently, EU wheat is more competitive versus Black Sea origin, but Russian wheat remains the cheapest for the major destinations. The market in Romania and Bulgaria was also unchanged last week, although the weaker EUR and lower prices in USD will certainly attract more buying interest for both countries’ wheat in the coming days/weeks. The winter wheat con...
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.