Milling Wheat The Black Sea market seems to have reached its seasonal bottom. The market in Russia has been under pressure during the past month on fears that the government might introduce export restrictions, and the prospects of a possible export tax accelerated shipments to the maximum logistical capacity. The volume in August was 4.5 MMT, and the September total is expected to be similar. At the current export pace, the surplus will be depleted before the end of the calendar year. The Russian ruble is firmer against the USD at 65.8 after reaching 70.5 just two weeks ago, a development that is also favoring exporters. The Egyptian GASC bought a total 475,000 MT last week for 1-10 November and 10-20 November positions. This included 41...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.