Milling Wheat The wheat market in the Black Sea was rather quiet last week. Market sentiment remains bearish, as weather development has been favorable for the crops and demand has been slower than usual. Despite the heavy outlook, prices remained unchanged as most of the trading houses have already built short positions and the farmers have not started selling yet. The current outlook for 2013/14 is certainly not supportive for the wheat price. However, the harvest pressure in the Black Sea region is decreasing every year as the farmers have fewer financial and logistical constraints.Jordan bought 100,000 MT of optional origin wheat last week at $296.50.The EU allocated 203,000 MT of wheat export licenses last week, bringing the total t...
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.