Wheat The Buenos Aires Grain Exchange, as other exchanges and analysts have done, lowered its wheat crop estimate to 17.5 MMT versus 20.5 MMT in its previous forecast. The reason, of course, is the severe drought causing serious problems for crop development and currently limiting grain filling in the north. Consequently, sharply lower yields are expected for this year. There are even fields where farmers decided to fumigate the wheat crop and prepare the soil for an early soybean crop. Rainfall maps are starting to show some precipitation for mid-October, which will surely help, but it does not seem that amounts will be large enough to offer substantial benefit and irreversible crop damage has already occurred. Forecasts are also s...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
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.