The market in Romania for 12 pro (GASC quality) milling wheat remained about unchanged during the past two weeks and is offered at $195/MT FOB. Farmers there are reluctant to sell the 12 pro or higher grades because of one concern. Milling Wheat The Black Sea market is under pressure for low grade milling wheat (11.5 pro) and feed wheat. However, the prices for the 12.5 pro and higher grades remain about unchanged. This trend would suggest that the quality of the crop in southern Russia and Ukraine is lower than in previous years with farmers preferring to sell those stocks now and keep the higher quality for sales later in the campaign. The spread between the 11.5 pro and the 12.5 pro has moved from $7 to $15 in two weeks.The EU exported...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.