In 1968, the U.S. had 29 percent of the global market for wheat flour and Turkey had a 0.004 percent share. By 2019, The U.S. share was down to 3.4 percent and Turkey dominated the market with a 41.4 percent share. Turkey achieved this shift despite having a relatively uncompetitive wheat production system. Turkish wheat is typically priced 5-10 percent higher than U.S. wheat. It should be noted that the U.S. share has declined as food aid shipments of wheat flour dwindled and Washington adopted more cash in lieu of commodities in food aid. Turkey uses domestic subsidies and organized exports via its state-owned enterprise, the Turkish Grain Board. It also benefits from geographic proximity to large Middle East wheat flour importers,...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
Russian Grain Markets: 4 - 8 May 2026 During the week under review, the Russian grain market began showing more bullish sentiment despite the traditionally slow pace of business during the May holiday period. Russia celebrates several holidays during early May, with Victory Day on 9 May being t...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.