Ukrainian feed wheat is by far the cheapest origin at $192/MT FOB as the Romanian/Bulgarian is at least $10/MT higher. French feed wheat is nominally around $190/MT FOB, but firm offers for volume are difficult to find. Milling Wheat The Black Sea market remained close to unchanged last week. The logistics in some Ukrainian ports (Mariupol and Sebastopol) are increasingly more complicated because of proximity to the conflict zone. However, Ukraine's overall grain export program since the start of the new campaign is very similar to last year's.Last week, Egypt's GASC bought 60,000 MT of French wheat at $240.40/MT and 60,000 MT of Romanian at $247.24/MT FOB. The CNF equivalents were $257.90/MT and $259.88/MT, respectively. The lowest offer...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.