Regional News The current 7-day forecast for Europe favors widespread rainfall across the western and southeast regions, with heavy rain forecast for Italy and the Balkans. A high-pressure ridge exists over western and southern Russia that will prevent meaningful rainfall from developing over this region. Temperatures are expected to remain cool in western Europe for the coming week while eastern Europe and southern Russia will see above-average warmth. The weather outlook is favorable for winter crop development in Europe while Russia’s winter crops remain under duress. Notably, Russian crops faced extreme cold weather last week with no snow cover, accelerating concerns about crop conditions and 2021 yield potential. Ru...
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.