The EU allocated 273,000 MT of wheat export licenses last week, bringing the total to 28 MMT. Carryout stocks wil be significantly different this year, which is probably the reason behind the recent change in MATIF May futures. Milling Wheat The weather in Russia and Ukraine is generally favorable for winter wheat development. The Russian crop is now estimated to be over 58 MMT by most analysts (about unchanged from last year), which reflects an exportable surplus above 25 MMT. The export tax has still not been officially removed. There are rumors that the government might instead replace the current minimum export tax of 35 euros with a significantly lower one.The EU allocated 273,000 MT of wheat export licenses last week, bringing the t...
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.