The EU allocated 991,000 MT of wheat export licenses last week, a decline from 1.6 MMT during the same week a year ago that was largely due to the Russian export ban. This brings the current total allocation to 19.4 MMT versus 22.9 MMT at the same time last year. Milling Wheat The domestic market in Russia is lower but not to the same extent as the ruble’s rally during the last two months (gaining about 15 percent). Origination at levels around $178 FOB or below is becoming increasingly more difficult. Meanwhile, weather conditions in Ukraine and southern Russia are favorable for winter wheat development. The winter is almost over, and there is no risk of frost in the 10-day forecast.The EU allocated 991,000 MT of wheat export licenses la...
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.