Milling Wheat The Black Sea wheat market was quiet last week partly because of the holidays (1 May and Orthodox Easter) but also because of the very slow demand. Consumers/importers were doing their best to avoid old crop wheat purchases because of the wide price inverse with the new crop. Additionally, consumers preferred to wait before buying the new crop, as the production prospects in the EU and Eastern Europe look very positive for the time being. Russian and Ukrainian certainly will not produce record crops this year, but if the weather remains favorable until the harvest, the combined export surplus could be 10-15 MMT higher than in 2012/13. April was drier than normal in Ukraine and southern Russia, and the market will follow the...
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.