Regional News French traders continue to express concern about losing wheat market share with Algeria and now China increasingly relying on Russian wheat. Recent news that China waived phytosanitary requirements for Russian wheat and barley are increasing worries that the Middle Kingdom, so far a major buyer of French wheat given the poor quality of the 2021/22 harvest, will favor Russian grain going forward. The weather in northern Africa remains hot and dry, which is escalating concerns for a significant crop-damaging drought in the region. European traders are watching the situation carefully as a crop failure in the region could pull large volumes of wheat, barely, and maize from the EU into Africa. Additionally, parts of...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.