Domestic traders’ milling wheat bids in Ukraine decreased to $160-174/MT (3rd grade) and $150-169/MT EXW (3rd and 4th grades) with prices for the old harvest wheat quoted in the top segment of the range. Processors’ EXW bids dropped to $152-161/MT EXW and $161-173/MT CPT. Russian Grain Markets Market Trends: 27 June-1 July 2016 Prices in the South and Volga Valley dropped notably because of the newly harvested grain, but those elsewhere were not affected quite as significantly. GEOGRAPHICALLY 3rd grade soft milling wheat prices dropped in the South (-$13/MT) and Volga Valley (-$7.60/MT) as well as Central and Black Soil (-$0.50/MT), Ural (-$2/MT) and Siberia (-$1.30/MT).4th grade milling wheat prices also decreased in the South (-$18.7...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.