The corn market in the Black Sea is extremely firm due to the CBOT futures rally and slow pace of farmer selling. Corn is now at an approximate $10-15 premium to feed wheat for October onward, and such a spread is driving buyers/consumers to switch their demand. Milling Wheat The Black Sea market is slightly weaker for June (old crop) due to the approaching harvest. However, it is firmer for August/September because of the sudden increase in buying interests that was prompted by the strong rally on the futures markets. The crops in Russia and Ukraine are developing in good condition. Although the recent excessive rains in south Russia may have affected the quality, any evidence of that will not be known before the harvest begins. Russia’s...
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.