The milling wheat market in Romania and Bulgaria is unchanged. Producers prefer to sell sunseeds and corn from the ongoing harvest in order to cover their financial needs and retain the wheat for selling at higher prices later in the campaign. Milling Wheat The Black Sea market is firmer due to slower farmer selling. Russian wheat is about $5 higher than the season's lows of two weeks ago. Market operators are not yet discounting the potential reduction in the export tax as there has been no official government announcement. The expected cut could lower it from the current $13 to almost zero. Consequently, exporters could pay higher prices to farmers, increasing the volume of farmer selling in the coming weeks.The EU allocated 502,000 MT...
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.