Milling Wheat The EU allocated 607,000 MT of wheat export licenses this week, bringing the total to 13.8 MMT versus 9.4 MMT allocated at the same time last year.Bulgarian, Romanian and Serbian wheat have traded to different Mediterranean destinations this week at an equivalent of about $305 FOB Black Sea. The market is under heavy pressure because of the liquidation of long positions and very low demand. Buyers are reluctant to purchase wheat because prices are eroding every day and the inverse between the old crop and new crop arriving in about four to five months is significant at about $40. On paper, the remaining surplus in Romania, Bulgaria and Serbia is small (fewer than 500,000 MT). However, the market feels as though the surplus...
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...
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 €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.