The EU allocated 780,000 MT of wheat export licenses last week, bringing the total to 12.5 MMT versus 8.5 MMT allocated at the same time last year. Milling Wheat The Black Sea market is firmer despite slow demand. Ukrainian and Russian farmers still have a large volume of wheat to sell before June, but they are not in a hurry. We may see some market pressure in March/April if the farmers' selling pace remains slow in the coming months and the winter doesn't cause any significant damage to the winter wheat.The Egyptian GASC purchased 120,000 MT of French wheat at $319.46/MT and 180,000 MT of Romanian wheat at $310.90-312.38/MT. There were no offers for Russian, Ukrainian or U.S. wheat in the tender.The EU allocated 780,000 MT of wheat expo...
What You Need to Know Today: Shipping in the Black Sea is at a standstill, with neither Ukraine nor Russia yet ready to swerve in this game of maritime and export brinkmanship. Israeli media suggests the U.S. and Iran may be close to making a deal or at least restoring the memorandum of unders...
Just when it seemed the restaurant industry had finally moved beyond the pandemic disruption, the arithmetic of the American food dollar caught up with it. The National Restaurant Association projects that total restaurant and foodservice sales will reach a record $1.55 trillion in 2026, but on...
Key Takeaways: Brazil’s pork exports have more than doubled since 2019 as competitive feed costs, ASF-free status, and expanding global demand have strengthened the country’s position in international markets. Brazil’s abundant domestic production of corn and soybeans provide...
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.