The EU allocated 505,000 MT of wheat export licenses last week, bringing the total to 21.3 MMT versus 20.8 MMT at the same time in 2014. At the current pace, the EU's exports will probably not exceed 30 MMT compared with last year's 29 MMT. Milling Wheat The Black Sea market is extremely quiet. Demand is difficult to find, and consumers are generally well-covered until the new crop. The harvest in North Africa usually starts in April. Russian and Ukrainian wheat (for limited volume) is now offered in line with the French and German origins. The market focus is shifting toward the new crop. The weather in Russia will be closely monitored during the coming weeks as the accumulated precipitation since the fall is well below the normal level...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.