Milling Wheat The Black Sea market remained about unchanged last week. Russia’s domestic market was about 200 rubles ($3)/MT higher. Its exports are slowing significantly as the higher prices and unofficial export barriers are doing their job. The Egyptian GASC purchased 300 KMT last week for 21-31 March shipment. This included 120 KMT of U.S. SRW at an average $260.85/MT CNF, 120 KMT of French wheat at $260/MT CNF and 60 KMT of Ukrainian wheat at $261.20/MT CNF. The cheapest offers for Russian and Romanian wheat were $264/MT CNF and $262.29/MT CNF, respectively. The EU exported 118 KMT last week, bringing the total to 10.1 MMT versus 13 MMT at the same time a year ago. At the current export pace, the total will not exceed 17 MMT (...
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.