Milling Wheat The Black Sea market remained about unchanged last week. The Ukrainian and Russian harvest is proceeding in favorable weather conditions. The reported export market trade volume was rather limited. The buyers/consumers in the major importing countries are buying at a slow pace as they see different origins of wheat competing at the same price levels.The EU allocated 367,000 MT of wheat export licenses last week and brought the accumulated total to 1.96 MMT since the start of the campaign.The Egyptian GASC purchased 60,000 MT of Romanian wheat at $251.35/MT and 60,000 MT of Ukrainian wheat at $250.50/MT. The GASC has already purchased 580,000 MT of Romanian wheat since the start of the new campaign.The Bulgarian and Romani...
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...
From WPI Consulting
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.