Regional News Drought is a growing concern for parts of Europe, especially the southwest countries. The latest crop monitoring report from the EU Commission said that drought has negatively impacted winter crops in the Iberian Peninsula and that rain is needed in Italy, the Balkans, and parts of Romania and Bulgaria. Continued drought could begin to impact winter crop yields in these areas. Fortunately, conditions are generally favorable in France and Germany and crops are in the early stages of development, and so have been less impacted by recent weather. The EU commission reported expectations for winter crop yields on Monday but noted they were largely based on historic trends. Still, the agency looks for a modest reductio...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
Key Takeaways: The Panama Canal’s draft restrictions and decreasing rainfall outlook are driving big moves in dry bulk markets this week. Panamax markets are sharply lower as the economics of moving freight across the Canal are deteriorating rapidly, leading to support in Supramax vessels...
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.