Milling Wheat The Black Sea market was again about unchanged last week. Russia’s exports have reached approximately 31.5 MMT since the start of the campaign. If the current export pace is maintained until the end of June, the total for 2018/19 will be close to 35 MMT (as noted last week). Weather conditions in Ukraine and southern Russia continue to be generally favorable for the wheat crop’s early development with adequate soil moisture and seasonally mild temperatures. The EU exported 491,000 MT last week, bringing the total to 15.6 MMT versus 15 MMT at the same time last year. The total for the current campaign could be 20 MMT if the EU maintains its current export pace in the coming weeks. Algeria bought 150,000 MT of opt...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
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.