Milling Wheat The price of Russian and Ukrainian wheat for July/August shipment remained about unchanged last week. Offers for deferred positions are difficult to find in the physical market. However, the CME futures market for Russian wheat reflects $22.00 carries between July and December. The trade is expecting the Russian wheat to appreciate quickly after the harvest period. Approximately15 MMT have been harvested so far, and the yield is about 20 percent lower than last year. The EU reported 209,000 MT of exports for the first week of the new campaign versus 230,000 MT at the same time last year. The harvest in Romania and Bulgaria didn’t advance much from the previous week due to the continuing excessive rains, which have bee...
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
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.