Milling Wheat The wheat market in the Black Sea was very quiet this week. Apart from a rumor that a cargo of Ukrainian wheat traded at $350 FOB, there were no other reported trades and no offers for Russian or Ukrainian wheat in the big ports. The only offers for Russian wheat that could be found were for small coaster-size vessels from the Azov Sea, and the offered volume was very limited. The Turkish market most probably will absorb this limited volume in the coming days.The winter wheat conditions in Russia and Ukraine are not perfect, but there is no serious concern at the moment. Certain regions in Russia suffered from the unusually early frosts in December that caused some winterkill. However, the extent to which the winterkill dam...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.