Ukraine's export program from its ports currently appears to be undisturbed by the crisis. However, several Russian banks reportedly have stopped providing credit in the country, which could significantly impact the upcoming corn planting. Milling Wheat The Black Sea wheat market remained about unchanged last week. The offered volume in Ukraine, Russia and Romania is limited, but buyers are hesitant to pay the new prices. The market is clearly showing signs that the region's remaining surplus is small. However, demand is also slowing down as the North African harvest starts in about six weeks. The inverse between the old and new crop prices is about $20, and the operators will avoid carrying old crop stocks when the new campaign starts.Eg...
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.