Milling wheat prices started decreasing at the Ukrainian Black Sea (UBS) ports, mainly due to the exhaustion of export potential and the resultant lower demand from traders. Another reason is that new harvest wheat will enter the market in about one month, so those traders and processors with sufficient stocks prefer to wait. Russian Grain Markets Market Trends: 16-20 May 2016 Grain prices, especially wheat and corn, continued to increase in RUB expression (but decrease in USD expression because of the weaker ruble) due to declining stock offers from the 2015 harvest. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in the South (+$3.20/MT), Central and Black Soil (+$2-2.20/MT), Volga Valley and Ural (+$0.70-0.80/MT), and Siberi...
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.