Cheap Turkish flour, which has plagued much of the world for the last decade, has found its way into the Caribbean. Haiti has been targeted, and the problem is becoming significant. That particular flour is reportedly being sold at $280/MT, and the landed wheat price in Haiti (according to one flour miller there) is about $320/MT. Thus, it is a major problem if someone is selling flour at a $40/MT discount to wheat. U.S. Wheat Associates and many other concerned trade associations around the world have been combating the Turkish flour problem but with limited success. Complaints have been filed with the WTO on both the flour dumping problem and the illegal subsidization of Turkey’s wheat farmers that is far above approved level...
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.