The uncertainty regarding the wheat export program from Ukraine and Russia in the upcoming months is a serious incentive for traders and consumers to increase their coverage. Milling Wheat The Black Sea wheat market was shaken by the news from Ukraine and Russia and is sharply up compared with last week. The uncertainty regarding the wheat export program from these countries in the upcoming months is a serious incentive for traders and consumers to increase their coverage.The EU allocated 932,000 MT of wheat export licenses last week, bringing the accumulated total to 20.2 MMT versus 13 MMT allocated at the same date last year.Egypt's GASC purchased 235,000 MT of Russian wheat and 60,000 MT of Romanian wheat last week at $289.25-293.15/MT...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.