After three months of constantly rising prices, the Black Sea milling wheat market has finally turned lower for several reasons. Meanwhile, Bulgarian feed wheat for July/August is the cheapest for Spain as it has an advantage over Ukrainian origin. Milling Wheat After three months of constantly rising prices, the Black Sea market has finally turned lower due to a combination of improving weather conditions and easier logistics as well as Russia’s lower ruble and eroding domestic market. The record-large stocks in Russia will certainly weigh on the market in the last quarter of the campaign. The new crop is developing under normal weather conditions in southern Russia and Ukraine and rated similarly to the same period last year. It’s still...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.