The EU reported 231,000 MT of wheat were exported last week and once again corrected the previous week’s total. Now Turkey has been actively buying high protein wheat from several sources other than those closest to it geographically because of a certain development. Milling Wheat The Black Sea market was slightly weaker last week as Russia is trying to find alternative destinations to Turkey for its wheat. The old crop/new crop inverse for its 12.5 pro wheat remains about $15 as the August shipment can be purchased at $172/MT FOB. The weather in southern Russia and Ukraine has been drier than normal during the past few weeks, but the forecast for the next two weeks is calling for normal seasonal rains.The EU reported 231,000 MT of wheat...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
Illuminating the value of technical research
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