The Black Sea market is firm as offers are difficult to find and also nervous about possible cancellations (force majeure). Milling Wheat The Black Sea market is firm as offers are difficult to find. Ukraine has already exported 8 MMT from a total surplus estimated at 9.5 MMT. Approximately 1 MMT of the remaining 1.5 MMT are already committed as are about 1 MMT of Russian wheat. The market is nervous about possible cancellations (force majeure), depending on the logistical constraints or sanctions that may affect exports from the Russian and Ukrainian ports.Egypt's GASC has been quiet since its last tender on 27 February. The market is talking about a potential tender for 300,000 MT in the coming days. If it materializes, this would proba...
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.