The extremely tight old crop situation and strong rally of the CBOT corn futures during the last five weeks have stopped the farmer selling in the Black Sea region altogether. Meanwhile, cheaper feed wheat prices are affecting the feed grain demand. Milling Wheat The Black Sea market is slightly weaker before the start of the harvest. There are more offers for 11.5 and 12.5 percent protein wheat in Ukraine and Russia, but buyers are difficult to find. The Russian crop is estimated at 65 MMT (versus 61 MMT last year). The excessive rains in southern Russia during the last month and a half may have affected the quality, although the extent of the damage will not be known until after the harvest begins. The Ukrainian crop is now foreca...
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.