The 2016/17 U.S. wheat crop will clearly be small, but it appears unlikely that this will provide fundamental support for a bull wheat market. The anticipated 2015/16 carryout of near 1 billion bushels will provide a cushion, especially considering the composition as well as another factor. One of the few surprises in USDA’s reports last week came from its survey of U.S. farmers’ planting intentions for wheat. They were said to have planted 36.2 million acres of winter wheat, down roughly 600,000 from the January count. USDA put spring wheat planting intentions at 11.4 million acres, over 1.5 million less than expected and more than 1.8 million fewer acres than last year. Total acreage in 2016/17 for all U.S. wheat was reported as 49.6 mill...
Russian Grains Market, 18-22 May 2026 Last week, Russian grain markets remained bullish all over the European part of the country. This times, even the Asian regions saw prices recover to new levels. This rally occurred on the heels of zero export duties and a very strong RUB. The rally i...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: The U.S. conducted “self-defense strikes” in Iran and said the two sides are “close” to negotiating a ceasefire. “Close” is a relative term, however, and even if 95 percent of the terms are agreed to, the remaining 5 percent is l...
As we reported on 19 May, China has also committed to the resumption of U.S. poultry imports from states without confirmed HPAI detections. USDA’s Animal and Plant Health Inspection Service (APHIS) has updated its China export restrictions webpage to reflect that China has lifted HPAI-rel...
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.