A few trades of Bulgarian feed wheat were reported last week at €159/MT ($182/MT) FOB. After one particular development, though, the market is offered at €157/MT without close buying interest. Milling Wheat The Black Sea market has turned weaker for the first time in more than two months following the collapse of the U.S. and the Paris wheat futures last week. The harvest in Russia is still significantly behind last year’s pace due to the persistent rains, and the weather forecast for the next 10 days is mixed. While the harvest will proceed at full speed in some southern regions there, the rains will continue interrupting it elsewhere. The Russian crop is estimated at 72-73 MMT or similar to last year, but the carry in stocks are estimat...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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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.