Milling Wheat Offers for Ukrainian and Russian wheat are difficult to find, especially for January onwards. The Ukrainian government still has not declared an official export ban, and it may follow Russia's example, which is to let the market decide when to stop exports. Although the Ukrainian and Russian export programs are nearing their end, the final export volumes will surpass the initial expectations. Ukraine probably will export more than the estimated 5.5 MMT and Russia might export up to 11 MMT, about 1 MMT more than the estimated surplus.The EU allocated 438,000 MT of wheat export licenses this week, bringing the total to 7.3 MMT versus 6.5 MMT allocated at the same date last year.Algeria bought 375,000 MT of optional origin whe...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.