According to sunflower oil traders, decreasing export prices may lead Ukrainian producers to consider a significant response. Those prices had dropped to $770-775/MT FOB at the beginning of this week.Please note that today’s report is abbreviated due to the current holiday in Ukraine and Russia. Russia: Barley Exports Decline in November Barley exports in November 2015 totaled 417,700 MT, a decline from 491,800 MT during the same month a year ago. For reference, Russia’s MY 2015/16 barley exports are forecast to reach 4 MMT against 5.28 MMT in MY 2014/15, mainly as a result of the smaller harvest in 2015. Saudi Arabia has been the key importer thus far in the current marketing year. Kazakhstan: 85 Million Hectares of Agricultural Lands M...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.