The excessive rains in Bulgaria and Romania may result in a larger share of feed versus milling wheat this year. In 2013/14, both countries exported about 3 MMT (combined) of feed wheat from a total 7 MMT, but that share could reach over 4 MMT in 2014/15 of an estimated 7.5 MMT surplus. Milling Wheat Black Sea prices continue to erode under the pressure of the approaching harvest. The weather conditions in Russia and Ukraine may not be ideal everywhere, but there are no significant concerns about the crops.The EU allocated 464,000 MT of wheat export licenses last week, bringing the total to 27.2 MMT versus 18.4 MMT allocated at the same time last year.Egypt's GASC purchased 120,000 MT of Romanian and 60,000 MT of Russian wheat at CN...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Illuminating the value of technical research
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