Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA A group of Pakistan flour mills reportedly booked 60,000 MT of Black Sea wheat for September shipment at $227 MT CNF. Areas of Pakistan that have been under attack from desert locusts are now said to be seeing outbreaks of fall armyworms (FAW). The Punjab area of Pakistan seems to be the worst affected by FAW. So far, the FAW outbreaks are small but, as experience shows, they can spread very rapidly. Farmers are said to be well supplied with insecticide to help control the spread. Also in Pakistan, inbound wheat vessels are being given berthing priority in Karachi Port so that wheat supplies can be quickly discharged and distributed. The priority berthing was a voluntary acti...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.