Milling Wheat Russian and Ukrainian wheat remain the cheapest origins by far. It may sound illogical that the Russian wheat is so cheap after all the bullish reports about the decreasing crop. The only valid explanation for that is the market expectation for export restrictions to be put in place in the near future. Domestic demand is slow since millers expect lower prices after an announcement of the export restrictions. As a result, exporters are making good margins and are pressing the export pace as much as possible before the door closes.The EU allocated 118,000 MT of wheat export licenses this week, bringing the total to 1.44 MMT versus 1.84 MMT at the same time last year. The slow exports from the EU are due to the general relucta...
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.