Milling WheatThe weather in Eastern Europe is far from ideal. Parts of Ukraine and Southern Russia have received some beneficial rains since the beginning of May, which come on the heels of a very hot and dry month of April. However, the rains did not cover the entire region and some areas remain in critical condition. Thus, the yield potential is currently decreasing. This trend could still be reversed if the rains increase in intensity and coverage before the end of the month.The EU allocated 213,000 MT of wheat export licenses last week, bringing the total to 17.4 MMT versus 11.8 MMT allocated at the same time last year.Similarly to Ukraine and Russia, the weather in Bulgaria and Romania is causing concerns for the regions that did not...
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.