The weather remained unstable in Romania and Bulgaria last week, impacting the harvest. Exporters in Bulgaria are only offering feed wheat at the moment as it is already clear that the majority of the surplus will not meet the export quality standards for milling wheat. Milling Wheat The Black Sea market was under pressure last week as the harvest continues to progress with reported yields that are higher than anticipated. The tragedy of the downed aircraft in Ukraine did not have any impact in the cash market.The EU allocated 151,000 MT of soft wheat export licenses, bringing the total to 501,000 MT since the start of the new campaign on 1 July.The Algerian state grain agency OAIC bought 810,000 MT of French wheat last week at -$268-269...
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.