Russian Grain Markets: 16 - 20 January 2023 Grain prices remained relatively stable and are most likely to remain stable in the near term. The key factor creating such a “lazy” market is a record high grain crop. Farmers realize that exports are slow and domestic millers have a flour price ceiling which does not allow them to pay more. Intervention purchases did not help much overall. The wheat surplus keeps price levels for other feed commodities like barley and corn under control as well. Moreover, the government announced it is highly unlikely more money will be spent for intervention purchases. Obviously, maintaining military actions in Ukraine does not allow more spending on food security let alone price mana...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.