Milling Wheat The Black Sea wheat market was actively trading last week. The weather in Ukraine and southern Russia has been favorable during the last two weeks. As a result, sellers became more confident and started looking for bids more aggressively. The trade had expected an extension of the EU's zero import duty, but the EU announced that the import duty of 12 euros/MT will be reintroduced on 1 July. Consequently, this will make Ukrainian and Russian feed wheat too expensive for import in Spain and Italy versus Bulgarian/Romanian feed wheat.Russia, Ukraine and Kazakhstan are expected to export about 8 MMT more wheat in 2013/14. The EU wheat crop is expected to be about 6 MMT higher than last year's. Egypt is facing financial constrai...
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.