Milling Wheat The Black Sea market was slightly weaker last week. While Russia’s wheat stocks were reported to be 25 percent lower than on the same date last year, the export pace remains at about 1 MMT week with domestic prices about unchanged. Today the market was focused on the Ukraine/Russia conflict that resulted in the closure of the Kerch Strait during the weekend. However, the traffic via the strait has resumed this morning, and the incident had a very limited impact on the wheat market. Last week the Egyptian GASC bought 120,000 MT of U.S. SRW at $220.90/MT FOB (equivalent to $253.78/MT CNF), 60,000 MT of Russian at $233.50/MT FOB (equivalent to $250.30 CNF) and 60,000 MT of Romanian wheat at $238.36/MT FOB (equivalent to $...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.