The feed wheat price rally (approximately $30 in one month) is motivating consumers in the EU and the major Mediterranean destinations to increase their corn coverage for the next six-nine months. Milling Wheat The Black Sea market is firmer. The main reasons for the rally are the market nervousness about the critical weather conditions in Russia and the increasing likelihood that the government there will implement export restrictions starting early next year.The EU allocated 729,000 MT of wheat export licenses last week, bringing the total to 12.8 MMT versus 11.8 MMT at the same time last year.Egypt's GASC bought 120,000 MT of Romanian wheat at $260.17/MT and 55,000 MT of Ukrainian at $257.50/MT last week. It didn't purchase any French...
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...
Key Takeaways: Expected growth in U.S. soybean crushing capacity and output, driven by biofuel demand, will increase domestic soymeal supplies, with production growth significantly outpacing demand. WPI forecasts soymeal production increasing from 65.8 million short tons in 2026/27 to 70.5 mil...
Russian Grain Markets: 19–23 October 2026 The Russian grain market continued its recovery during the week, although prices remained volatile across regions. Wheat was notably bullish, while feed barley and corn were slower to appreciate, primarily because of weaker export demand amid logi...
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.