Wheat and corn prices in the Russian market decreased insignificantly last week, while barley and milling rye prices remained stable. However, all prices grew in USD expression. Meanwhile, the country's rapeseed exports have moved in a different direction this marketing year. Russian Grain Markets Market Trends: 11-15 April 2016 During the week in review, wheat and corn prices in the Russian market decreased insignificantly, while barley and milling rye prices remained stable. Meanwhile, all prices grew in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices were stable in the South and grew slightly in Ural (+$0.20/MT). However, they decreased in Central (-$0.20/MT), Black Soil (-$0.10/M...
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...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.