The trade is interested in buying Bulgarian/Romanian feed wheat for July/August at €157/MT ($167/MT) FOB. While Ukrainian origin might be available at the same price, one factor rmakes it much less attractive. Milling Wheat The FOB market in the Black Sea remains firm despite the weaker domestic market in Russia. The price for 12.5 protein wheat in central Russia and the Volga region was $4-6 lower last week or down about $10-12 from early February. However, the logistics remain difficult as winter is not over yet and the flow of wheat to the Black Sea and Azov Sea ports has not increased significantly. Russia has exported about 19 MMT so far this season, which is about unchanged from the same time last year. If the exports do not acceler...
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
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.