Regional News Ukraine’s grain exports for MY 2021/22 total 33.5 MMT, up 23 percent from the same period last year. Of that, wheat accounts for 24.5 MMT with corn exports totaling 30.9 MMT and barely totaling 5.2 MMT. Milling Wheat The two biggest wheat market surprises these past few weeks were the persistent weakness in U.S. values and the huge discount French wheat held to other origins in the latest Egyptian purchase. U.S. futures have fallen steadily since mid-December, except for rallies Friday and Monday. The weakness was in response to slow U.S. exports as well as diminishing weather threats for the crop in the southern Plains. U.S. wheat futures have also been on the defensive as China has consistently pur...
What You Need to Know Today: U.S. Treasury Secretary Bessent said the U.S. and Iran could “today or tomorrow” reach a deal to reopen the Strait of Hormuz. Despite the Secretary’s claims, an attack on a vessel off the Omani coast suggests plenty of risk remains in forming a lo...
Key Takeaways: Offal represents an important segment of global meat trade by adding value to underutilized portions of livestock carcasses and improving overall resource efficiency. Strong export demand for products such as pork variety meats and chicken feet allows processors to maximize carc...
Easing tensions in the Strait of Hormuz, assuming the ceasefire holds, should bring fertilizer prices down, but it could be years before that actually occurs because fertilizer price shocks resulted from not one, but two wars in or near the heart of global fertilizer production. Those wars resu...
From WPI Consulting
Illuminating the value of technical research
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