Turkey's recently-introduced import duty on some agricultural products from Russia has reportedly already caused some damage in the sphere of its grain and sunflower oil exports. Meanwhile, Ukraine has revised the forecast for its MY 2016/17 grain exports. Russian Grain Markets Market Trends: 10-14 April 2017 Corn and rye prices continued to drop (in RUB expression) on the Russian grain market. However, prices for other crops were stable, mainly due to the Easter holiday and slower market activity. GEOGRAPHICALLY 3rd grade soft milling wheat prices were stable in Volga Valley, but they decreased in Central (-$0.20/MT), Siberia and Black Soil (-$0.60-0.80/MT), Ural (-$1.80/MT) and the South (-$2.50/MT).4th grade soft milling wheat price...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.