The feed wheat market in the Black Sea is under pressure in the absence of buying interest with the low pro Argentine wheat significantly more competitive. Milling Wheat The Black Sea market is lower without many trades being reported. The weather forecast is calling for a sharp drop in temperatures in south Russia and Ukraine over the coming days, and there is currently not much snow on the ground to protect the wheat. The market will closely monitor the region’s weather development in the coming weeks as it may be critical for the winter wheat condition.Egypt’s GASC bought two cargoes of Argentine wheat (60,000 MT each) in tender last week, paying $190.28-191.60 on a CNF basis. The cheapest offers for French and Russian origins were abo...
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.