The EU has now allocated 777,000 MT of the available 950,000 MT duty-free import licenses for Ukrainian wheat. Once the duty-free quota has been completed, possibly this week, a 12 euro levy will be imposed on wheat of that origin under the tariff-rate quota (TRQ). Milling Wheat The Black Sea market was not very active last week, and prices remained about unchanged. The weather in Ukraine and southern Russia remains generally favorable for wheat development. Some regions in Russia such as Rostov and Volgograd have suffered from last fall's drought, and the yield potential there is limited. Most operators estimated the crop in Russia at 56-58 MMT versus 58 MMT a year ago. The weather during the next two weeks will be important for th...
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.