With farmers in Bulgaria and Romania selling part of their wheat stocks, Bulgarian 11.5 protein milling wheat is trading at a slight discount to the Ukrainian for destinations in Africa and the Middle East, while the Romanian 12 percent protein is trading at around $195/MT FOB. Milling Wheat The Black Sea market remained about unchanged last week. The weather has improved in Eastern Europe for winter wheat development with a good amount of rain falling over Ukraine.Tunisia bought 125,000 MT of 11.5 protein optional origin wheat, paying $203.64-204.95/MT for December-February shipment. The most likely origins at today’s prices are France and Bulgaria.The EU allocated 635,000 MT of wheat export licenses last week, bringing the accumulated 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...
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.