News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS Wheat exports from Germany to Iran have continued at a good clip in 2013 with about 120,000 MT exported in February and the July-February total reaching just over 1 MMT. Although wheat for Iran is not restricted by current sanctions, the bank restrictions have made payment much more complicated. However, German grain exporters seem to be able to receive payment for their exports. Traders report that there are shipments of about 120,000 MT of wheat pending, half from Germany and half from Australia. Meanwhile, the long-expected Pakistan-Iran wheat business seems to be going nowhere, although there are comments from traders every week on the ongoing discussions. Perhaps this business...
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.