Milling Wheat The Black Sea market again remained about unchanged last week with no major trades reported. The Russian 12.5 pro price has found a stable balance for the moment. It doesn’t need to go lower to vie with other origins of similar quality as only Argentina appears to be competitive. However, the freight disadvantage versus the Black Sea to most destinations is at least $10. On the other hand, the Russian wheat cannot afford to lose demand, and therefore the upside potential is very limited. The EU exported only 128,000 MT last week, bringing the total to 8.8 MMT versus 11.3 MMT at the same time last year. If the pace remains this slow in coming months, most analysts will have to lower their EU export estimates, which are...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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Illuminating the value of technical research
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