Milling Wheat The Black Sea market remained about unchanged last week. The conflict in the Azov Sea did not significantly impact prices despite the loading difficulties at Ukraine’s Mariupol and Berdyansk seaports there, which are shipping less than 5 percent of the country’s total exports. The domestic prices in Russia were stable last week. The weather conditions in southern Russia and Ukraine are generally favorable for wheat development. One of the leading analysts in Russia projected that country’s 2019 wheat crop at 77.3 MMT. The EU reported that only 197 KMT were exported last week as its wheat remains expensive versus Russian origin. The total is now 6.4 MMT or about 29 percent below the 9 MMT exported at the sam...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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Illuminating the value of technical research
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