Milling Wheat Russian wheat continues to be the cheapest for September shipment. November shipment is offered at a high premium against September since the trade is anticipating a sharp decline in farmers' selling after the harvest.The Russian government seems determined to avoid implementing any kind of export barrier. However, if in October wheat exports exceed 7-8 MMT and Russian wheat is still export competitive, the government will have to intervene. Otherwise, Russia may have to import wheat by the end of the campaign. If the domestic market remains export competitive for another month, the government most likely will try to raise the domestic price by purchasing wheat for its intervention stocks.The Egyptian GASC purchased 475,000...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.