Ukraine's milling wheat prices continued to decrease on the domestic market during the week of 12-16 June, reflecting the end-of-season trend. However, export offer prices again remained at $179-181/MT FOB (3rd grade) and $178-180/MT FOB (4th grade). Russian Grain Markets: 12-16 June 2017 Market Trends Prices continued to fluctuate insignificantly in RUB expression and decrease slightly in USD expression. GEOGRAPHICALLY 3rd grade soft milling wheat prices kept dropping in the South (-$0.80/MT) and growing in Central, Black Soil and Siberia (+$0.20/MT) as well as Ural and Volga Valley (+$0.40-0.70/MT).4th grade soft milling wheat prices increased in Ural and Siberia (+$0.30/MT), Volga Valley and Black Soil (+$0.70/MT), and Central (+$1...
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.