The milling wheat market in Romania and Bulgaria is notably quiet as farmers prefer to keep the rest of their production in hope of higher prices later. However, the usual uptrend after October/November is certainly not guaranteed because of one development. Milling Wheat The Black Sea market is steady. Interior prices in Russia continue to erode under the pressure of its record-large crop, but the FOB market is not following. This may be a sign that the ports’ logistical capacity has already been committed for September/October with not much room left for additional cargoes in that period. The Russian crop is estimated at 82-84 MMT (versus 73 MMT last year), which leaves more than 40 MMT export surplus on paper. However, the bottleneck i...
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.