Ukrainian corn remains the least expensive origin for Asian buyers. However, the competitive advantage versus South American and U.S. PNW corn is only $2-5/MT, depending on the destination. Milling Wheat The Black Sea market is firmer in tandem with the EU and U.S. wheat rally. It is also closely watching the weather in Russia. Conditions are critical in some regions as the drought persisting since summer has been followed by earlier-than-normal frost. In 2009, adverse conditions (drought and early frost) cut the Russian wheat crop by more than 30 percent.The EU allocated 646,000 MT of wheat export licenses last week, bringing the total to 9.1 MMT versus 8.4 MMT at the same time last year.Egypt's GASC purchased 180,000 MT of wheat in a te...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.