While Russia's corn prices were on the rise, Ukraine's remained steady. Meanwhile, Ukrainian sunflower oil exports to one country have been notably higher and set a record in June. Russian Grain Markets: 31 July-4 August 2017 Market Trends While corn prices rose, all the other grain markets were mostly under the influence of negative trends, which was more obvious in USD expression due to weakening of the RUB. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.10/MT), Ural (-$0.30/MT), Volga Valley and Black Soil (-$0.90-1.20/MT), and Central (-$2.00/MT). However, they remained stable in Siberia.4th grade soft milling wheat prices grew only in the South (+$0.20/MT) and decreased in Siberia (-$0.20/MT), Ural...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.