Milling Wheat The Black Sea market remains well supported due to increasing demand from the major destinations in North Africa, the Middle East and Asia. The Russian domestic market was firmer last week, and the ruble is up 1 percent week-over-week against the U.S. dollar. The market is closely monitoring the wave of arctic cold crossing parts of Russia, Ukraine, and the EU. The extreme cold will certainly create crop development risks in the regions not adequately covered with snow. However, the extent of the damage (winterkill) is difficult to assess at this stage. The Egyptian GASC bought 120 KMT of Russian wheat last week at an average price of $223.50/MT CNF which was about $2/MT higher versus the previous tender. The c...
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...
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Accountability and a comprehensive approach to export programming
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