Milling Wheat The Black Sea wheat market is under pressure as the harvest is progressing and demand remains slow. Russian/Ukrainian wheat is the most competitive for Mediterranean destinations, but the discount against French wheat and U.S. SRW wheat is smaller than usual at this time of the year.Jordan, Syria and Tunisia are in the market this week for a total of about 500,000 MT. Egypt remains quiet, and there are no signs that the GASC will purchase any wheat in the coming weeks. The private sector is also absent because of restricted access to hard currencies.The EU allocated 192,000 MT of wheat export licenses, bringing the final total for the 2012/13 campaign to 18.75 MMT.The harvest has begun in Romania and Bulgaria, where the wea...
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...
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.