Milling Wheat The Black Sea market is slightly weaker than last week. The weather in Ukraine and southern Russia may not be as good as a year ago, but a large portion of the dry areas there received rains last week and will continue to do so this week. Since March, the cumulated precipitation in Eastern Europe is close to the historical average but much lower than last year. The crops in Russia and Ukraine are estimated at 72-80 MMT (versus 85 MMT last year) and 25-28 MMT (against 26.5 MMT last year), respectively. Russia has exported 35.5 MMT thus far The weekly average has been approximately 600,000 MT with seven weeks left before the end of the campaign. The EU reported that only 96,000 MT were exported last week, bringing the cumulate...
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.