Regional News Egypt has reportedly secured a long-term contract with Germany to buy wheat from the European nation, though details on the agreement are sparse. Russia’s total wheat planted area for 2023 is projected to reach 29.05 Mha, down from 29.468 Mha seeded in 2022. Romania reported an outbreak of H5N1 avian influenza on a farm in the center of the country on Monday. This is the first occurrence of the disease in Romania since May 2022. Milling Wheat Wheat markets around the world are higher this week as Russia’s renewed offensive efforts in Ukraine add uncertainty to the wheat supply situation. Additionally, cold and dry weather in the U.S. has helped spark strength in wheat futures as has new...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.