Regional News European weather patterns remain widely favorable for crop development, but two exceptions are noted. The first is that Spain and Portugal remain locked in drought with no relief forecast for the next two weeks. Spanish winter crops are in disarray and higher feed grain imports are forecast. Some estimates say 60 percent of arable land has been impacted by the drought, or about 3.5 Mha. The second issue is that the UK is slated for continued rains in the next two weeks that, while not abnormally heavy, could continue to delay spring planting progress. Spring barley planting in Scotland is delayed but the seeding effort is progressing normally in England. Egypt’s GASC secured 35 KMT of sunseed oil at a price...
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.