The Ukrainian corn market showed significant changes as prices grew on all terms of trade due to high demand from exporters. That same demand drove the country's corn exports up 32 percent in March compared with the same month a year ago. Russian Grain Markets Market Trends: 18-22 April 2016 During the week in review, grain prices on the Russian market fluctuated insignificantly. Milling wheat, rye and corn prices trended upward as they grew slightly in RUB expression but decreased in USD expression. Feed wheat and barley prices declined. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the South (+$0.60/MT), Central (+$0.20/MT) and Black Soil (+$0.40/MT) but decreased in Ural (-$1/MT). They were stable in Volga Valley and Si...
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.