Saudi Arabia bought 640,000 MT of hard wheat for October/November at prices equivalent to about $196-198 FOB. The cheapest origins were Germany, Poland and Lithuania. However, there was one country excluded from the list of acceptable suppliers. Milling Wheat The Black Sea market is firmer due to slow farmer selling. Most analysts now estimate the Russian crop at 70 MMT compared with 61 MMT last year. Nevertheless, those farmers with storage or agreements for such prefer to avoid selling during the harvest season on the assumption that prices will rise later in the campaign. Keeping the wheat is a good hedge for them against the risk of currency devaluation.The EU allocated 450,000 MT of wheat export licenses last week, bringing the accum...
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.