Milling Wheat The market in the Black Sea is quiet. Talks about a possible export tax from Russia are resurfacing again, but the government has not announced anything concrete. Ukrainian farmers are selling at a very slow pace. The market is anticipating significant wheat carryover stocks in Ukraine this year. Because farmers are anticipating a shortage in the next campaign (a result of the severe crop damage caused by the extreme cold earlier this year), they preferred not to sell their wheat stocks.The Egyptian GASC bought 60,000 MT of U.S. SRW at $259 FOB in a tender this week. The U.S. wheat is about $15 cheaper than the French, Argentine and Black Sea origins on a CNF basis.Iran purchased 300,000 MT of Russian and Kazakh wheat.The E...
What You Need to Know Today: Declining crop conditions ratings and shaky results from the Pro Farmer crop tour sent grains sharply higher on Tuesday. The Pro Farmer tour in Ohio pegged the state yield at 180.18 BPA, about 5.5 BPA below the tour’s 2025 estimate. Similarly, the Pro Farmer...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt is the largest importer of Brazilian maize in the first six months of 2026. Egypt imported about 28.4 percent of maize exports, or about 1.7 million MT. Iran was the third-largest importer at 14.5 percent, or 900,000 MT, fol...
Based on a Depression-era statute, President Trump imposed 50 percent tariffs on $20 billion of exports to the U.S., or about 5.2 percent of the $383 billion worth of goods the U.S. imported from Canada in 2025, according to U.S. Census Bureau data. Of that total, about $39.3 billion was agricu...
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.