Ukrainian feed wheat is by far the cheapest origin at $192/MT FOB as the Romanian/Bulgarian is at least $10/MT higher. French feed wheat is nominally around $190/MT FOB, but firm offers for volume are difficult to find. Milling Wheat The Black Sea market remained close to unchanged last week. The logistics in some Ukrainian ports (Mariupol and Sebastopol) are increasingly more complicated because of proximity to the conflict zone. However, Ukraine's overall grain export program since the start of the new campaign is very similar to last year's.Last week, Egypt's GASC bought 60,000 MT of French wheat at $240.40/MT and 60,000 MT of Romanian at $247.24/MT FOB. The CNF equivalents were $257.90/MT and $259.88/MT, respectively. The lowest offer...
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...
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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.