Milling Wheat The Black Sea market was lower last week as the old-crop/new-crop inverse is eroding. The new-crop harvest is expected to start in 2 weeks in the most Southern regions. The weather in Russia and Ukraine remains dry and the market is divided between those who believe the March/early April rains helped the wheat resist the last 6 weeks’ drought and those who believe the drought will cut yields. In addition to the drought, excessive rains in northern Russia have disrupted the spring wheat planting. Some 2 million hectares have either not been planted or were planted too late. Consequently, the range of estimates of the Russian crop is very wide. The most optimistic estimates are 75-77 MMT (versus 85 MMT last year) a...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.