The Black Sea milling wheat market is under pressure as the harvest is progressing rapidly under favorable weather. It has dropped approximately $20 in about three weeks, and buyers do not seem convinced that the bottom has been reached. Milling Wheat The Black Sea market is under pressure as the harvest is progressing rapidly under favorable weather. It has dropped approximately $20 in about three weeks, and buyers do not seem convinced that the bottom has been reached. Some analysts and trading houses estimate that bottom to be close to $20 below current prices. The reported yields in southern Russia and Ukraine are generally in line with expectations. Russia’s crop is estimated at 66 MMT (versus last year’s 61 MMT) and Ukraine’s at 24...
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.