Milling Wheat The Black Sea market remained about unchanged last week. The weather in Russia improved for the spring wheat harvesting in Siberia but remained dry in the south at a critical time for the winter wheat’s early development. The Egyptian GASC bought 180 KMT of Russian wheat last week at an average $253.25/MT CNF for 1-10 December shipment. The price was about $8/MT more than the tender held two weeks earlier. There were several offers for Romanian origin with one each for Ukrainian and French, but all were priced about $5-10/MT higher than the Russian stocks purchased. Tunisia bought 25 KMT of optional origin wheat at $249.11/MT CNF for November shipment, up $17/MT versus the 14 September tender. The market in Romania a...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.