Milling Wheat The market is closely watching the weather development in southern Russia and Ukraine as the drought has been persisting for about three weeks with no rain in the forecast for the next 10 days. The winter wheat will certainly be fine for two more weeks without precipitation as there is still enough moisture in the soil. If rains do not appear by mid-May, however, the wheat will deteriorate irreversibly. The EU reported 365,000 MT of exports last week, bringing the total to 16.3 MMT versus 21 MMT at the same time last year. As the export pace remains slow, this year’s final total will probably not even reach 20 MMT versus most EU analysts’ estimate of 24-25 MMT just three months ago. The EU ending stocks will be h...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.