The trends in Ukraine's milling wheat, feed wheat, and feed barley markets all changed last week, influenced by the start of the 2017 harvests. Meanwhile, a company registered in Kazakhstan has signed a letter of intent regarding wheat sales to China. Russian Grain Markets: 26-30 June 2017 Market Trends Last week was the final one of MY 2016/17. Although this year’s new production will enter the market later than usual, prices have started changing in anticipation. GEOGRAPHICALLY 3rd grade soft milling wheat prices grew in Central, Black Soil and Volga Valley (+$0.20-0.40/MT) as well as Siberia and Ural (+$0.40-0.80/MT, but they decreased in the South (-$0.20).4th grade soft milling wheat prices increased in Central (+$1.70/MT), the So...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt’s Ministry of Supply reports that it will begin the sale of imported wheat through the Egyptian Mercantile Exchange. Sales are expected to be mainly to private-sector flour mills and are intended to stabilize wheat and...
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.