Regional News Ukraine’s farmers have planted 90 percent of the 7.1 Mha of winter crops, including 6.1 Mha of wheat and 0.844 Mha of winter barley. The Ukrainian government is now forecasting a reduction in planted wheat area for the 2021/22 crop, due to ongoing drought. The government’s original forecast was for 6.66 Mha of winter wheat (up from 6.11 Mha in 2020/21), but farmers’ planting pace lags what is needed to meet that goal. Rising fertilizer costs have also contributed to farmers’ reduction in sowing intentions. Precipitation in Ukraine hit a 20-year low in October with one-third of the country facing “unsatisfactory” moisture levels in the topsoil. Officials note, however, that low...
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...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.