Türkiye is the world’s largest exporter of wheat flour, and the International Grains Council says the country will export a record 5.4 MMT in MY 2023/24. That is up 12.5 percent from MY 2022/23. Part of the reason is a bumper domestic wheat crop based largely on higher yield. Rains are always the wildcard in this region's agriculture and this spring, Türkiye received some generous spring rains. The area harvested was up 5.8 percent from a year earlier but is off 2.6 percent from the 10-year average. But the yield is up 6.6 percent for the year and is 10.8 percent above the 10-year average. This enabled a 16.6 percent reduction in wheat imports. At 0.55 percent, Türkiye’s population growth rate is relatively small...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.