Milling Wheat The Black Sea market was mostly unchanged without significant activity. The Russian government has not yet announced the timing and the volume for the intervention tenders. The market believes that the tenders will start in October with a total volume of around 5 MMT. Ukraine has completed the wheat harvest. According to the Agriculture Ministry, the final size of the crop is 22.6 MMT, which is about 1 MMT higher than initial expectations.The EU allocated 546,000 MT of wheat export licenses last week, bringing the total to 5.7 MMT versus 2.9 MMT allocated at the same time last year.The Bulgarian and Romanian wheat market is firm as a result of slower farmer selling. They have sold more than 70 percent of their wheat and a...
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 €...
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
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.