The milling wheat market in Romania and Bulgaria is unchanged. Producers prefer to sell sunseeds and corn from the ongoing harvest in order to cover their financial needs and retain the wheat for selling at higher prices later in the campaign. Milling Wheat The Black Sea market is firmer due to slower farmer selling. Russian wheat is about $5 higher than the season's lows of two weeks ago. Market operators are not yet discounting the potential reduction in the export tax as there has been no official government announcement. The expected cut could lower it from the current $13 to almost zero. Consequently, exporters could pay higher prices to farmers, increasing the volume of farmer selling in the coming weeks.The EU allocated 502,000 MT...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.