The Romanian and Bulgarian wheat harvest has finally been completed after a long delay due to the excessive rainfall in July and early August. Quality has been significantly damaged by the rains with generally low test weight and falling numbers. Milling Wheat The Black Sea market is close to unchanged with a very limited volume of trades reported. The conflict in eastern Ukraine and the EU/U.S. sanctions against Russia have had no real impact on the cash market so far.The EU allocated 532,000 MT of wheat export licenses last week, bringing the total to 1.8 MMT versus 2 MMT distributed at the same time last year.The Romanian and Bulgarian harvest haven finally been completed after a long delay due to the excessive rainfall in July and ear...
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.