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wheat

Spring Wheat Quality

Some are raising concerns that cooler temperatures and excess late season rain have caused quality problems for the typically high protein/strong gluten spring wheat crop. There is the threat that the lower quality wheat will end up being delivered against futures contracts and is causing falling prices in Minneapolis. That concern has not been reflected thus far in USDA’s weekly Crop Progress report.  The share of the hard red spring wheat crop rated Good/Excellent fell from 74 percent at the beginning of August to 72 percent last week. That is still well above the average of the past ten years, and strikingly better than the 2021 and 2023 HRS crops at this time of the season. Thus far in August, the December HRS contract has f...

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Market Commentary: Plenty of Risk, Not Enough Conviction

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Functional Dysfunction; Out of the Frying Pan

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Summary of Futures

May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

feed-grains soy-oilseeds wheat

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May 26 Corn closed at $4.5425/bushel, up $0.005 from yesterday's close.  Jul 26 Wheat closed at $6.07/bushel, down $0.0575 from yesterday's close.  May 26 Soybeans closed at $11.645/bushel, down $0.1 from yesterday's close.  Jul 26 Soymeal closed at $316.3/short ton, down $4.9 fr...

feed-grains soy-oilseeds wheat

Black Sea Regional Analysis

Russian Grain Markets: 13-17 April 2026 The Russian grains market remained relatively stable during the week, pressured by ample global wheat supply, strong international competition, and a firmer ruble. To maintain competitiveness—particularly against Ukraine and Kazakhstan—the gov...

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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.

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