Milling Wheat The Black Sea market was about unchanged last week. There were no significant moves in the Russian domestic market, and the ruble was slightly weaker. Temperatures in central Russia remained very low, but there is enough snow on the ground to protect the wheat from freezing. Russia has already exported about 29 MMT so far in the current campaign, averaging approximately 3 MMT/month. The inverse between the old crop and new crop prices is about $10/MT versus $15/MT at the same time last year. The Egyptian GASC bought 120,000 MT of Russian wheat and 120,000 MT of Romanian in a tender last week, paying an average price of $233.07/MT CNF or about $2.50/MT more than in the previous tender. There were no offers for French wheat, a...
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.