The corn harvest is about 30 percent completed in Romania and Bulgaria, and the yields are exceeding farmers’ expectations in many regions. Those origins are trading at around $170/MT FOB or an approximate $10 premium over the Ukrainian due to one factor. Milling Wheat The Black Sea market is firmer due to increasing demand for Russian and Ukrainian wheat at current prices as well as the limited logistical capacity. Additionally, the domestic market in southern Russia has stopped declining and moved slightly higher for the first time in the past six weeks.The EU exported 239,000 MT last week, bringing the total to 3.7 MMT versus 6.3 MMT at the same time last year. EU wheat remains uncompetitive versus Russian and Ukrainian origins. The st...
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.