Milling Wheat As the snow melts, the extent of the severe winter's impact becomes clearer. Crop damage seems to be worse than expected in many parts of the EU, including France, Germany, the Netherlands and Romania. The Russian winterkill rate also appears to be higher than normal. Additionally, Spain and Portugal have been experiencing an extreme drought this year. As a result, European traders and consumers were actively buying the old and new crop positions this week.Egypt's GASC purchased 60,000 MT of Canadian wheat at $263.50 and 60,000 MT of U.S. SRW at $261.50. There was only one offer for French wheat at $289.90. Argentine was offered at $263.90 and there were no offers for Russian wheat.The EU allocated 426,000 MT of wheat expor...
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.