Milling Wheat The Black Sea market is firmer because of the stronger Russian ruble, which has rallied more than 3 percent versus the USD in one month. While domestic prices in Russia remain stable in RUB expression, the FOB price for Russian 12.5 pro wheat is up about $4-5 since the end of December. The EU exported 339,000 KMT last week, bringing the cumulative total to 11.9 MMT versus 14.3 MMT at the same time last year. This year’s export pace has been very slow due to the firmness of the EUR/USD. Algeria bought 510,000 MT of optional origin wheat last week at around $219/MT CNF. At least half of the volume sold is French wheat, and the balance could be either that or Argentine origin. The market in Romania and Bulgaria is very...
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
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.