Russian oilseed prices continued to decline overall, but Ukraine's were mostly stable with just a few drops noted along with some increases. Its crude sunflower oil CPT-offer and FOB offer prices showed gains as did the sunflower seed CPT-processor terms. Russian Grain Markets Market Trends: 3-7 April 2017 Grain prices continued to fall in both RUB and USD expressions. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept decreasing in Ural and Central (-$0.80/MT), the South and Black Soil (-$2.00/MT), Volga Valley (-$2.30/MT), and Siberia (-$2.70/MT).4th grade soft milling wheat prices also fell in Central and Siberia (-$1.40/MT), Black Soil and the South (-$0.20/MT), Volga Valley (-$0.80/MT), and Ural (-$0.40/MT).5th grade wheat pr...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
Beef packer margins declined to $190/head last week, down $32 from the prior week as the Choice cutout weakened while fed cattle prices remained steady. The cutout fell $2.56/cwt to $373/cwt while fed cattle prices held near $220/cwt, narrowing packer spreads after several weeks of improvement...
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.