Milling Wheat The Black Sea market was slightly weaker last week. While Russia’s wheat stocks were reported to be 25 percent lower than on the same date last year, the export pace remains at about 1 MMT week with domestic prices about unchanged. Today the market was focused on the Ukraine/Russia conflict that resulted in the closure of the Kerch Strait during the weekend. However, the traffic via the strait has resumed this morning, and the incident had a very limited impact on the wheat market. Last week the Egyptian GASC bought 120,000 MT of U.S. SRW at $220.90/MT FOB (equivalent to $253.78/MT CNF), 60,000 MT of Russian at $233.50/MT FOB (equivalent to $250.30 CNF) and 60,000 MT of Romanian wheat at $238.36/MT FOB (equivalent to $...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.