Regional News The weather over Eastern Europe and the Black Sea continues to be warm but with favorable rains. Western Europe will remain dry, however, Ukraine’s grain harvest is 70 percent complete with only 12 percent of the corn crop harvested so far. Corn yields have been above average at 5.97 MT/ha. Black Sea wheat could again be competitive in a Bangladeshi tender for 50,000 MT of wheat that is set to close on 6 October. Bangladesh, which has been increasing its wheat imports as consumer incomes rise and preference shift from rice to bread and other wheat-based products, has increasingly turned to the Black Sea as its major wheat supplier. Russia was the winner of Bangladesh’s last recorded purchase on 30 July for...
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...
Dry bulk markets were volatile but ultimately steady this week with notable differences in rate developments across vessel classes. The Capesize sector, which led the recent rally in freight rates with its dramatic surge, pulled back slightly amid more cautious chartering activity, partic...
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.