Milling Wheat The Black Sea market was quiet this week as demand shifted to South America. The debate over the winterkill rate in Ukraine is attracting different opinions. The market seems to agree that more than 30 percent of the crop has been damaged by the drought and winterkill; however, some believe that the damage is limited to only 10-15 percent. There is also a growing doubt over the size of the 2011 Ukrainian crop, which was officially reported to be 21 MMT. Farmers have stopped selling wheat and exports will probably be very limited until the end of the campaign. If the crop is really 21 MMT, the implied stocks at the end of June 2012 would be in excess of 5 MMT. Such a scenario does not make much sense. Wheat prices were very...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.