Algeria bought 480,000 MT of wheat last week for December delivery, paying $211-212/MT CNF. The sales were certainly based on French wheat because of an issue with Black Sea origin. Milling Wheat The Black Sea market was firmer early last week and then stabilized later. Meanwhile, the market in Russia was firmer in the south and weaker in Siberia where the stocks are considered to be the most burdensome. The harvest in Russia is 95 percent completed, and the reported yields continue to impress as they are about 15 percent higher than last year.The EU exported 375,000 MT last week, bringing the total to 4.5 MMT versus 6.8 MMT at the same time last year.Algeria bought 480,000 MT of wheat last week for December delivery, paying $211-212/MT C...
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.