Milling Wheat The market in the Black Sea is quiet since import demand in the major destinations is very slow. Black Sea wheat remains nominally the cheapest wheat for the Mediterranean destinations; however, this certainly will change after the harvest and when demand becomes more significant. Russian exporters have been aggressive this week as if they were pushing for the maximum possible export volume before an eventual export ban. The Russian wheat crop is now estimated below 45 MMT, which reflects less than 10 MMT of export surplus (versus 21.5 MMT in 2011/12).The EU allocated 312,000 MT of export licenses this week, bringing the total to 613,000 MT since the start of the new campaign (versus 977,000 MT allocated at the same time la...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.