Milling Wheat Global wheat futures all hit new contract lows last week with strong Russian exports (at cheaper prices), larger global production estimates, and few weather risks driving the bearish momentum. Markets managed to pare back those losses, however, by the week’s end and are largely unchanged to start the week. Physical wheat prices in Europe are mixed with French values rising about $5/MT this week on export interest while German values are slightly lower. In the Black Sea, quality issues with Ukraine’s crop boosted offers for Ukrainian and Romanian milling-grade wheat while offers from Bulgaria and Russia are lower, with Russia’s increasing supply expectations driving the weakness. Traders are saying Russ...
What You Need to Know Today: The U.S. dollar continued to strengthen Thursday as persistent inflation reinforced expectations for additional Federal Reserve interest rate hikes. Higher Treasury yields have helped support the dollar, potentially reducing the competitiveness of U.S. agricultural...
Key Takeaways: Dry bulk freight markets were stronger this week, but the rally was uneven and due to divergent dynamics across basins and vessel classes. Panamax markets were broadly higher, but Atlantic grain demand was primarily responsible while Asian activity was subdued. That trend...
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.