EU wheat farmers from the Baltic States to Romania and Bulgaria refuse to sell at the equivalent of Russian and Ukrainian price levels in hope of doing so at higher prices once a certain development occurs. Milling Wheat The Black Sea market is under heavy pressure that is occurring about two weeks later than usual, which corresponds to the delay of the harvest in Russia. Domestic prices there are eroding, although not as steeply as export margins that are close to zero. However, with a crop of about 80 MMT, Russia needs to export as much as possible in the coming weeks to accommodate the record-large crop.The EU exported only 171,000 MT last week, bringing the total to 1.5 MMT versus 3.7 MMT at the same time last year. The French lineup...
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.