Regional News Black Sea wheat is getting pushed out of Southeast Asian markets due to rising freight costs. As freight rates increase ahead of the emissions restrictions required by the International Maritime Organization effective 1 January 2020, Australian wheat is becoming far more competitive to Southeast Asia than Black Sea wheat, which typically has a seasonal advantage during August. A large Australian supplier won business for six shipments of feed wheat to the Philippines for this fall/winter at prices that were $2-2.50/MT lower than similar Black Sea offers. Milling Wheat Harvest pressure and decreasing global wheat export offers are pressuring EU and Black Sea wheat markets this week. The August WASDE confirmed there is...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.