Milling Wheat The Black Sea market feels a little heavy as there are not many buyers willing to pay current prices. The market went up too high and too quickly. A month ago, the 11.5 percent protein Black Sea wheat was offered close to $35/MT lower than today. At the same time, the French wheat was about $10/MT lower than today. As a result, French wheat has become more competitive than Black Sea. The market was not expecting that to happen so early in the campaign as Ukraine and Russia still have a combined remaining surplus on paper of about 10-11 MMT.Algeria bought 650,000 MT of French wheat last Friday at $295-$297.50/MT. These prices were considered to be very aggressive as the replacement calculation was about $5/MT higher.Egypt'...
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...
Markets are getting into the Halloween spirit, handing out more tricks than treats. There has been some encouraging news, but it hasn’t been enough to slow the broader slide. Now buyers need to show up with something other than another “Charlie Brown” rock for the bag. Somethi...
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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.