Regional News The European weather is shifting more favorably for crop development over the next week with cooler-than-normal temperatures predicted and rains for the southern portion of the continent. The rains will notably include southern Spain, Italy, the Balkans, and parts of Bulgaria and Romania. The following week also features widespread rains for Spain, southern Europe, and the Black Sea. Temperatures, however, will turn warmer in the 8-14-day outlook and offset some of the rains’ benefit. Overall, the predicted rains will not end the drought in Spain and the country’s crop production remains in peril. Russia has reportedly agreed to renew inspections of grain vessels from Ukraine’s ports of Odessa and Cho...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.