Russian Grain Union leader Arkady Zlochevsky says Russia could export a record 60 MMT of grain this season. At the same time, he says the Black Sea grain corridor deal has not yielded anything positive for Russia. So Russia is exporting record amounts and doesn’t appear to need any special treatment. China will likely backward engineer and supply whatever Russia’s needs to keep its farm machinery running. Verbio, the largest maker of biofuel in Germany says, “We have to eat less meat” and instead make more crop-based biofuels. The meat industry says we need more food and to stop burning precious grain as a competitor to petroleum. The European Parliament approved a plan that is to ensure imports of palm oil,...
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.