Milling Wheat The milling wheat market in the Black Sea is much firmer. The catalyst for the rally was the seventh GASC tender in six weeks. Russian wheat is about $25 cheaper than French wheat for September shipment. For November shipment Russian wheat is at parity with the French, as the market is expecting that the surplus in Russia will be gone by then.Egypt's GASC purchased 235,000 MT of wheat this week for 21-30 November shipment. They bought 120,000 MT of Russian at $350, 60,000 MT of French at $347 and 55,000 MT of Ukrainian wheat at $345.The EU allocated 409,000 MT of wheat export licenses this week, bringing the total to 2.5 MMT versus 2.9 MMT allocated at the same time last year.Strategie Grains has downsized its EU wheat crop...
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...
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.