The market in Romania for 12 pro (GASC quality) milling wheat remained about unchanged during the past two weeks and is offered at $195/MT FOB. Farmers there are reluctant to sell the 12 pro or higher grades because of one concern. Milling Wheat The Black Sea market is under pressure for low grade milling wheat (11.5 pro) and feed wheat. However, the prices for the 12.5 pro and higher grades remain about unchanged. This trend would suggest that the quality of the crop in southern Russia and Ukraine is lower than in previous years with farmers preferring to sell those stocks now and keep the higher quality for sales later in the campaign. The spread between the 11.5 pro and the 12.5 pro has moved from $7 to $15 in two weeks.The EU exported...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.