The wheat market is tightening as production cuts are hitting France, Russia and Ukraine, plus there has been an increase in tenders. Exports by France are expected to be 7.75 MMT, a 43 percent reduction from 2019/20. Meanwhile, Russia's IKAR reduced its estimate for the Russian wheat crop by 1.5 MMT to a total of 78 MMT due to lower yields in the southern and central regions of the country. Black Sea wheat may have been sold too cheaply and prices now need to adjust for the shorter supply. Wheat prices in the region had slid 14 percent in the weeks preceding the lower realized output. Meanwhile, U.S. wheat prices have been falling on new crop prospects, perceived large global supplies, and the need to become more competitive.&...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.