The French market will be very volatile in the coming days/weeks under the influence of the reported yields and quality as the harvest progresses to the north. While French wheat is now much too expensive versus Black Sea origin, that could change in coming weeks if a certain condition is met. Milling Wheat The Black Sea market is slightly firmer as there are more buyers willing to cover short positions in view of the situation in France. The harvest in Russia and Ukraine is progressing under favorable weather conditions. The reported yields suggest that the Russian crop will be 67 MMT at minimum versus 61 MMT last year.The EU allocated 826,000 MT of wheat export licenses last week, bringing the current campaign total to 1.8 MMT versus 1...
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.