Milling Wheat Wheat prices are steady/lower across Europe and the Black Sea to start the week with export competition and the advanced harvest progress keeping the markets on the defensive. Russian wheat prices were lower last week and are continuing that trend this week under strong export competition from Romania, and Ukraine. Russia’s Central and Volga regions are unusually cold and wet presently, which will likely dampen yields and lower the crop’s quality. Analysts have continually lowered their expectations of Russia’s wheat crop this year due to challenging weather. The USDA’s August WASDE lowered Russian wheat production from 74.2 MMT to 73 MMT due to dry conditions in the country. The country’s...
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
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.