After three weeks of incessant rains, the yield and quality of the wheat in the western regions of Bulgaria and Romania have been affected significantly. Forecasts for both countries' crops have been downwardly revised as a result. Milling Wheat The Black Sea market is slightly firmer due to increased buying interest following the wheat quality problems in the EU. Russia's wheat crop is now estimated at 60 MMT, compared with 52 MMT last year. The Ukrainian crop is estimated at 21.5 MMT, which is unchanged from last year. However, the percentage of feed wheat is considerably larger.The EU allocated 540,000 MT of wheat export licenses last week, bringing the total to 1.3 MMT versus 1.6 MMT at the same time last year.Egypt's GASC purchased 1...
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
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.