In its December review, Strategie Grains revised its wheat export estimate for the current campaign upward to 24 MMT versus 19.6 MMT exported last year. Milling Wheat The Black Sea market is unchanged and very quiet before the holidays.Egypt's GASC purchased 60,000 MT of Romanian wheat at $317.72/MT and 60,000 MT of Russian wheat at $318.95/MT on a CNF basis for 21-31 January shipment. The lowest offer for French wheat was $326/MT.Tunisia purchased 100,000 MT of optional origin wheat for January/February shipment at $314.89-317.49/MT. At today's prices, the Russian, Ukrainian and French wheat are competing closely for Tunisia.The EU allocated 818,000 MT of wheat export licenses last week, bringing the total to 13.4 MMT versus 9.1 MMT allo...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.