Wheat Last week, the Argentine government, exporters, and wheat millers met to discuss the wheat supply and demand situation. The meeting was only the first of what is expected to be a series of meetings to analyze the wheat situation and the tight supply and demand relationship. No policy measures have been taken yet, but there will be new meetings soon. Before the meeting, the futures market dropped some $20/MT as traders expected some reduction in the exportable balance of Argentina’s wheat. The government originally announced permits for 10 MMT of exports, of which 8.8 MMT has already been registered. It is obvious the remaining balance will not be allowed to be registered and it remains to be seen what will be done with w...
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.