The Black Sea market for milling wheat remained about unchanged last week without any major trades reported. While the price in rubles is attractive to Russian farmers, their selling in not accelerating significantly for one notable reason. Milling Wheat The Black Sea market remained about unchanged without any major trades reported. The Russian ruble is weaker against the USD as the crude oil price continues to erode. The exchange rate is 71 RUB = 1 USD versus 68 RUB a week ago and 65 RUB last month. The price in rubles is attractive to Russian farmers, although their selling is not accelerating significantly as they consider their stocks to be a hedge against a further devaluation of the currency.The EU allocated 563,000 MT of wheat exp...
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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.