The main reason for the high premium in Ukraine is that its corn has been accepted by all the major destinations as a reliable origin, and buyers are ready to pay almost the same price as they would for U.S. corn. Milling Wheat The Black Sea market is a little firmer as the recent sales to Egypt (Romanian and Russian origin) have lightened the trade's long positions for November and December shipment. The Russian wheat is offered at the same price as the French on a FOB basis, but it has a freight advantage to the East Med of about $7 basis for panamax execution. The Russian and Ukrainian weather is unusually mild for the season, which is favorable for the growth of the late-planted winter wheat.Last week, the Egyptian GASC purchased 120,...
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.