The market in Romania and Bulgaria is very quiet. While the domestic wheat price has increased about $10 over the last three weeks, farmers are still reluctant to sell as they are hoping for higher prices later in the campaign. Meanwhile, there is a notable difference between the two countries' volume of exports. Milling Wheat The Black Sea market is firmer. The price for Ukrainian 11.5 pro has rallied about $8 in two weeks, and the Russian 12.5 pro price increased $5 during the same period. Demand for Ukrainian wheat has been stronger than for Russian origin lately as India is not accepting the latter for phytosanitary reasons. In addition, the farmer selling in Ukraine has slowed significantly due to the start of the corn campaign. That...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
Regional News European grocery stores have been targeted by cybersecurity attacks this week, with major retailers in France and the Netherlands affected. In France, major grocers, including Carrefour, Intermarché, and Coopérative U, all suffered attacks in which freezer and...
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.