The remaining exportable wheat surplus in Serbia totals about 800,000 MT with approximately 500,000 MT exported since the start of the campaign. Despite the low prices, farmers started selling their stocks in recent weeks as they still have a great deal to trade, and the new crop is coming in just five months. Milling Wheat The Black Sea market is under pressure in sympathy with French, German and UK wheat. The 11.5 percent protein Ukrainian origin dropped about $6 from last week, mainly due to the lower UAH versus the USD. The offered volume of Russian 12.5 percent protein is limited and priced only about $2 lower than the week before.Egypt’s GASC purchased 300,000 MT of wheat last week at the average price of $185.46, approximately $8 l...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.