Milling Wheat The Black Sea milling wheat market remained about unchanged. This morning the Russian government decided not to restrict exports for the time being, though it did announce that domestic prices will need to stay high to ensure adequate plantings for the next campaign. Such a market-oriented attitude is certainly a big change in the government's traditional approach. If Russia maintains its current export pace for another two months, the domestic price will have to rally significantly in order to slow down the exports.GASC purchased 120,000 MT of Russian wheat and 60,000 MT of Romanian wheat last weekend at prices between $319 and $323. The cheapest offer for French wheat was about $15 higher and about $40 higher for U.S. SRW...
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.