Regional News Moldova’s corn production for 2023 will triple in size from the prior year and reach 2.1 MMT, according to government estimates. The country’s sunflower seed crop is projected at 622 KMT. Milling Wheat World wheat values were mostly mixed last week with American and Paris Matif futures retreating. Black Sea offers were mostly steady except that Russian 12.5 percent protein wheat prices rose $5/MT last week on increased demand from Egypt. European wheat prices are lower to start the week amid pressure from lower CBOT and Matif values with the European weather changing to allow faster harvest progress this week and next. The wheat harvest in northern Europe is still delayed with “mos...
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.