Regional News Europe is facing a favorable weather forecast for crop development and field work over the next two weeks. Temperatures will be near normal or slightly higher across western and eastern Europe, as well as Ukraine and southern Russia. Precipitation this week will be below normal, which will allow currently wet soils to dry and permit a faster fieldwork/planting pace. Rains return to western and parts of central/eastern Europe next week, however, which may delay some planting progress. Fortunately, cold weather will be limited in the next two weeks, minimizing further frost risks for Black Sea countries. Russia’s new €50/MT wheat export duty becomes effective today (1 March) and as a reminder to clients,...
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.