Grain prices at the Russian market fluctuated insignificantly (in RUB expression) during the week in review. Meanwhile, the ag minister released a statement regarding consideration of a change in the amount of the wheat export duty. Russian Grain Markets Planting Update Spring crops were planted on 66,800 hectares as of 1 March 2016. Market Trends: 22-26 February 2016 Grain prices at the Russian market fluctuated insignificantly (in RUB expression) during the week in review, but they did grow in USD expression (due to strengthening of the ruble). Export activity increased. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.70/MT), Central (-$0.20/MT), and Ural and Siberia (-$0.30/MT). They were stable in V...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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.