General Comments It was the wheat market's day. Wheat futures were up as much as 17-18 cents at their highs, in a move that began during the overnight session and continued today. The CME December wheat close of $6.705, up 12.25 cents, is its highest since the beginning of August. The December contracts for both KC and MGE wheat closed up over 13 cents. The traditional premium for MGE spring wheat futures over KC hard red winter wheat (HRW) futures has all but disappeared, and the 2 December contracts are close to even money. Strong export demand and a very firm HRW cash market has supported KC while better hard red spring (HRS) yields and a likely increase in estimated production has pressured MGE.The triggers for today's strong wheat...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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Accountability and a comprehensive approach to export programming
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