Starting tomorrow, the EU will introduce an import levy on corn that is based on the last 10 day-average price of U.S. corn to Rotterdam versus the EU's maximum import price for corn of 157.03 euros/MT. Milling Wheat The Black Sea market is under pressure as the harvest is progressing and farmers' selling is increasing. After a few weeks of frequent rains and slow harvest, the weather in Ukraine and south Russia has finally improved, and the harvest pace is accelerating. So far, the reported yields and quality are in line with expectations.The EU allocated 329,000 MT of wheat export licenses in the first week of the new campaign.Last week, Egypt's GASC purchased 240,000 MT of Romanian wheat at an average price of $261.16/MT CNF. A cargo...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.